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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (47146)	7/23/2002 10:22:45 PM
From: AllansAlias	Respond to of 209892

By IT I mean Intermediate Term -- a trade that would last many months.

To: marginmike who wrote (47146)	7/23/2002 10:30:40 PM
From: AllansAlias	Respond to of 209892

There are other factors, but I will reiterate a couple I have focused on recently: 1) The software sector has only begun to flush imo. MSFT has clearly cracked, but I think others like ORCL and QLGC are going to follow very soon. 2) Banks have more giving to do. My conservative target for BKX is still much further away: about -21% from yesterday's close. It would well overshoot that. I also think retailers are likely not done in this leg. I hate this. Things are so bearish I am tempted to be legging in long. I have been waiting for a low I like and I am resigned to wait some more.