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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: exp who wrote (36044)	3/2/2002 9:53:34 AM
From: t2	Respond to of 99280

NV: "Don't Worry, Be Happy" exp, I rarely miss a rally in tech stocks. On the bright side, I did miss a lot of the decline too. However, holding a lot of non-tech stocks still worked almost as well yesterday. Dow was up a lot too. The key factor for me was seeing those mutual fund inflow numbers as of Thursday evening. That is why I was thinking we will have a big up day Friday. Thursday's good economic data was just brushed aside and you know a bit more positive news and it could rocket...and fund flows was just as important as the Friday ISM. Inflows can make a TA driven market into one that I would call a "momentum market", just like the 1990s. That statement may not make sense but that is how I feel. If the inflows continue, I would expect the Nasdaq to blast past any resistance that it is closing in on. That could mean that the Oracle warning last night might only be an opportunity to buy the dip on Monday in techs. ....but my doubt lies with the inflows; think people have been burned by the market too long to really dump life savings into it anymore. Investors/traders are now much wiser..won't chase stocks. jmho