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The whole market keps being suspect, always giving conflicting signals, and
resolving erratically. I bet the bottom, when it comes, will be far from
obvious until quite later.
This is one of those major bears out there to confuse everyone, and I mean
EVERYONE. Should the Nasdaq reach back to its October levels, I also believe
the Dow and SP will have a hard time staying where they are, meaning the pain
will spread to all stockholders, new Of course this concerns only the long term
holders, not the system traders who just have to follow their signals and
ignore all this gobbledigook....
:-)
Gwenn
Phil Lane wrote:
> Monday's "recovery" was suspect -
> If the stock markets had managed to close positive and/or above the day's
> open, coming on an increase in volume, that would have been a great signal.
>
> But it didn't happen.. Couldn't muster the strength. However, we've had a
> number of days in a row by now with c<open in the SP futures. An "oversold
> bounce" is likely. Now can I go on cnbc? <g>
>
> rgds phil
>
> ----- Original Message -----
> From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
> Sent: Wednesday, May 24, 2000 1:23 AM
> Subject: [RT] Perspectives may 24th, 00
>
> > MARKETS:
> > Yesterdays hopes were wrongly placed obviously. We retraced the whole
> > recovery
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