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USE NEW THREAD!! TA: Technical Analysis & Charting (3150+): Re: Re: Re: Re: RJ


  1. Ronjamm

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Top 1.   Apr 2, 2001 11:30 PM

» Ronjamm - Re: Re: Re: Re: RJ

In response to message posted by nomar:
nomar,

After tax selling through Apr 15, I expect some level of IRA/401k mutual fund selling through the 4th week of April (based on investor shock at quarterly balance levels, even after sharp losses experienced in Q4 2000), but it may not be at the "capitulation" level, even when combined with greater than normal "kitchen sink" early warning announcements in early and mid April. Market still overvalued, and sentiment still geared toward finding the bottom and buying the dips. IMHO this could bring the NAS to the 1500 area by 4/30/2001.

Excellent article in Barrons, 4/2/01, re this market vs previous bear market bottoms by Abelson, quoting Barton Biggs.

FWIW, I have no visibility beyond April 30, 2001 at this time.

-- posted by Ronjamm


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