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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (13990)10/15/2002 9:05:18 PM
From: Bruce A. Brotnov  Read Replies (1) | Respond to of 16631
 
Fred, I think a pull back is very likely and I wouldn't have been surprised to have seen it today. Intel comments will probably precipitate some selling tomorrow as there was tech selling after hours. Bears might consider caution (possible bear trap) and bulls and big funds like the move but mostly missed it today so they would like to see a decent pull back to get their favorite stocks cheaper. The main issue is we have a pre-mature run in front of the majority of earnings to be released. I look for Techs to struggle the rest of the week, but we might see less selling in some of the other areas.

Bruce



To: Frederick Langford who wrote (13990)10/16/2002 5:13:18 PM
From: Dave Gore  Respond to of 16631
 
Fred, I am out a lot lately, but that was certainly timely advice. The stochastics were way overbought.


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