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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Sully- who wrote (51471)5/15/2002 10:36:36 AM
From: Jim Willie CB  Respond to of 65232
 
tech tech tech tech tech
Perhaps some folks will still play tech, both long & short until the bull returns....... then reap outsized gains from sector leaders in tech.

more like...
perhaps some folks will still play tech long, lose money, then play tech long again, and lose more money, and continue to play tech long, and continue to lose money until they have extremely little to invest anymore

they got burned last summer while expecting a 2ndHalf Recovery
I think they will get burned again this autumn
by the time the real rally begins, imho about 2005, they will have nothing but new savings left

those who look for new stock sector leadership will be the ones who will be seeing outsized gains
tech tech tech, there is more to investing in this arena
that is my main point
if people choose to go tech tech tech, good luck to them
I dont think the whipsaw will be going away anytime soon

Jeepers Kreepers, after all these big updays, look at the indexes
they arent much different from 10 days ago
EMC still under 10, SUNW near 8, JDSU under 4, IBM way under 90, ORCL under 10, INTC posing in upper 20's, MSFT got knocked to a "5" handle still, QCOM struggling at 30, CIEN at 7, VRSN back to 10
these are tragic numbers still
these are the result of reflex bear rallies

meanwhile, silver readies for its real bustout in days perhaps
and gold prepares in consolidation for an assault toward 325, which will bring the Gold Cartel to its knees
the USdollar counter-trend rally will encounter heavy downtrending 50day MA in a matter of days
I expect the USdollar and USstocks will resume the downward course in a matter of days or weeks

/ jim