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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (628)2/5/2002 8:53:57 AM
From: robert b furman  Respond to of 207311
 
Hi GZ,

Yup - this will be a great buying opportunity.

I think we got a very bearish candle on the NAZ yesterday and we've dropped below the 200 day ma.

Couple that with horrible DMI,negative macd just beginning and anemic stochastics - well it's a great set up for a short.

It looks like chortin the QQQ is the trade of the day to me:

siliconinvestor.com

As much as I 'd like to see a bull (since my account is all long)it looks like we've got 1 more delay ahead.

Needless to say - I'm strong in purchasing power as I sold the weak double top.I do think we're about to see a great buying opportunity.

I'm half hopeful we get a vix spike over 50 and a put call ratio over 1.00.

This market is setting up to be June/July of 98 all over again - a failed rally with very little leadership and a confidence crisis over the quality of earnings - brought to us by Kenny Lay and his band of Enron thieves.

Give it 90 days a vicious double bottom and the buying opportunity of the decade. gulp or like chief says: snort

JMHO

Bob



To: GROUND ZERO™ who wrote (628)2/5/2002 9:31:32 AM
From: Moominoid  Read Replies (1) | Respond to of 207311
 
I had to turn the heater on in the middle of the summer! Been pouring with rain for days and temperature maxing at about 15C (59F) for the day....



To: GROUND ZERO™ who wrote (628)2/5/2002 11:14:49 AM
From: Chip McVickar  Read Replies (1) | Respond to of 207311
 
Even Forbes Magazine is running an article by Stevie Boy on the ENRON Cooks.

WSJ has 7 different front page notes on companies restating earnings.
Front page News Everywhere
Terrifying... <smile>

Good Time to walk the beech...., except it's 27° up here.