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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?


To: Lone Ranger who wrote (1457)9/20/2001 11:02:12 AM
From: Justa Werkenstiff  Read Replies (3) | Respond to of 10065
 
Sayrep: I don't see much downside from a VIX of 48. I see a bottom here. Nasdaq has relative strength today. Dow is playing catch up. People are Dow focused. Screw the Dow.

Nasdaq to have sloppy rally going into the end of month in my view. Doesn't look like much of anything now. That is why I say sloppy. Some days up; some down but with upward bias. I don't see the lows on the Nasdaq of yesterday being violated for now based on what I have seen this morning. Maybe a retest.

Oh, yes, surprises to the upside in this oversold condition.
So let's say we make progress in the terrorism fight. Market will rally hard.