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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Michail Shadkin who wrote (6397)6/17/2002 1:02:18 AM
From: Scott Bergquist  Read Replies (1) | Respond to of 6873
 
Michael, it seems the "hedge funds" can keep the indexes floating up, merely by keeping MSFT, IBM, INTC and a couple of other large caps levitated. There is nothing intrinsic supporting a rise in MSFT from 49 to 55, other than the effect on the OEX and the SPX that such support creates.



To: Michail Shadkin who wrote (6397)6/17/2002 2:34:01 AM
From: SirRealist  Respond to of 6873
 
Michael, essentially, your views mirror my own but I'd call the coming week 'treading water in a whirlpool'. We might get a decent one-two day rally in it, but it won't be anything to write to Aunt Matilda about back home.


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