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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (34890)10/25/2001 7:38:13 PM
From: Logain Ablar  Respond to of 68391
 
Hi Harry:

I'm basically sitting on the sidelines after yesterday. It may take awhile but this is not 98 and IMO we are going to have a retest. The only question is when and how much. Of course one could look @ the past year and a half as the retest of the 98 lows.

Now is the time to be identifying the stocks that have not only participated the most since they should pull back the least but also the ones whos fundamentals are not that bad.

Certain parts of storage should be on the list. Also biotech but I'm not as keen on drug makers.

Tim



To: Johnny Canuck who wrote (34890)10/26/2001 12:11:42 AM
From: Clint E.  Read Replies (1) | Respond to of 68391
 
Harry, I understand your point about technical nature of this rally, but I still cannot digest today's ~90-point=~5.5% reversal.

Anyway, I hope things pick up early next year because we will start running out of projects by then.

Thanks for EXTR. You were right.


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