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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (1173)4/16/2002 2:49:04 PM
From: Petrol  Read Replies (2) | Respond to of 6346
 
Message 17338174



To: John Pitera who wrote (1173)4/16/2002 3:02:08 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 6346
 
That sounds like a prediction to me....hmmmm, I sense a moronathon in the making.....

Here is my prediction:

This rally tops out at 1900, then pulls back to the 1780 area.

And...I don't think that we will necessarily see this rally continue through the end of the week. Options expiration and all.

The Feb/Mar run was about 250 Comp pts. I am saying that it will be about 175pts.



To: John Pitera who wrote (1173)4/16/2002 3:22:55 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 6346
 
here is another prediction....

INTC will not give overly positive guidance.

The logic.....The big boys have more to gain by a market that remains weak for a little while longer. The INTCs and CSCOs of the world can weather an ugly stock market better than their smaller competitors who rely on it for cash.