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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (6227)5/31/2002 5:23:44 PM
From: Dan Duchardt  Read Replies (1) | Respond to of 33421
 
I hope you're right, but it seems a bit soon to be calling this a double bottom. Today was a very negative day for the market, IMHO. Absorbed generally positive news and ran up early, only to spit it all back out. Nasdaq, techs in general, and SOX did nothing positive after the initial bounce. Hopefully it's just weekend jitters about the state of the world, and that nothing feared will materialize.

Long a few lots of SMH.

Dan