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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (7552)9/7/2001 4:54:58 PM
From: MetalTrader  Read Replies (1) | Respond to of 23153
 
it feels like you are right on energyplay. Today's action saw fat and happy shorts closing tech positions I believe. Likewise there looks to be big downside in what's worked the past year. A number of objective shorts in the "conservative" stocks. Builders formed the reversal patterns I've been waiting for last night. Could it be building buying power for going shopping for tech?

Valuations on tech still look non-compelling and momentum clearly negative. Just a feel. Just to let you guys know I am not without feellings <s>. Not buying, but tempted nonetheless.

mt



To: energyplay who wrote (7552)9/7/2001 9:34:08 PM
From: Think4Yourself  Respond to of 23153
 
Interest rates at 3.5%, the fed still cutting, unemployment not even at recession levels, signs the manufacturing sector is improving, and the stock markets at multiyear lows. Your newsletter says a 1987 style crash likely next month?

If you're paying money for that newsletter perhaps you could request a refund. :o)

edit: Well, maybe the SOX might crater. That's probably where the bulk of the earnings warnings will be.


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