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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?


To: Trumptown who wrote (10446)11/7/2002 4:02:43 PM
From: moufassa7  Read Replies (2) | Respond to of 13660
 
Maybe the snake is JPM, market not convinced of the rumor denial. Closed near LOD.



To: Trumptown who wrote (10446)11/7/2002 7:42:56 PM
From: moufassa7  Respond to of 13660
 
I think sell the news profit taking took over today. Market has moved higher over the last 4 weeks. The last couple of weeks was led by interest rate cut speculation. The lack of volume has made this rally suspect to me. INTC warning caused a one day sell off, now CSCO warns. Market bounced back strong after the INTC drop, we will see if it can bounce again. A down day tomorrow spells trouble, while a bounce back keeps the rally intact. IMO. Time will tell.