الموضوع في 'السوق الأمريكي للأوراق الماليه' بواسطة aaljawal, بتاريخ ‏28 أكتوبر 2001.

  1. aaljawal

    aaljawal عضو جديد

    ‏24 سبتمبر 2001
    عدد الإعجابات:
    Several problems facing the markets next week are simply a
    factor of cycles. The biotechs have been storming to higher
    levels for several weeks. Many of them are approaching levels
    of resistance dating back many months. The BTK.X is only 23
    points away from serious resistance at 600 and is up +38%
    since 9/11. Any reasonable trader would tell you that a pause
    for a rest was imminent. The SOX.X is nearing resistance at
    500 (19 points away) and has rallied substantially since 9/11.
    The Nasdaq has reaped the benefits of the Biotechs and Semis
    in its +27% rally. Take out those two sectors and the Nasdaq
    is devoid of any other leadership groups. Retail (RLX.X) has
    run into trouble in the 825 range and will be no help. Software
    has been strong but is also ready for profit taking.

    My advice is simply this. We have had a great run and "historically"
    next week is a bullish week. We hope history repeats itself and
    the Dow duplicates this week with another +341 point gain. The
    Nasdaq basically held its ground despite profit taking in techs
    on Friday and is only 150 points away from serious resistance
    at 1920. I will take it! Give us a +150 point week and then
    take a well deserved rest before heading for 2000 again! The
    problem as I see it is the already over extended markets. We
    are due for profit taking next week. The farther up we go the
    more likely and more severe it could be. I have been telling
    you to go long and I am not changing that instruction. As traders
    we need to set some stop losses on those plays and be prepared
    to move to the sidelines for a day or two. Any pullback will
    be another buying opportunity and we should be looking forward
    to getting into our next series of positions cheaper. For those
    of you in cash the prospect of another pullback is exciting.
    For those currently long it is an opportunity to take profits
    and reload again. Either way the long term outlook is still
    positive and the prospect of having a new bull market ahead of
    us will do wonders for consumer sentiment. An October without
    a crash? It is almost a reality