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Market Calls Archives: July 2000
Market Commentary
Monday, July 31, 2000:  Not a lot new or unexpected here...over 10:1 bullish signals to bearish signals, so an upturn is likely.  More bullish steam behind the biotechs and internets, as well as on Germany.

Monday, July 24, 2000:  Now, this thing is starting to turn, but the "criteria" haven't been met, so despite the bullishness, it ain't turned around yet.

Thursday, July 20, 2000:  Alright... now what's SUPPOSED to happen (if Monday isn't really strong to the upside again, is we get a continued bouncing around for a while, as the signals become more and more bullish, then the market should start turning up.

Monday, July 17, 2000:  The "too broad not to turn around" call from the 14th became a straight market sell for tomorrow. Included in that is the semiconductor sell which had been called late last week.

Friday, July 14, 2000:  Now this is just sick.... Out of 50 signals, we've got only 3 bullish (2 +3s and a +4, strength ranges from -5:strong bearish to +5:strong bullish) and FORTY-SEVEN bearish signals! But of those, we've got only 3 -4s and 2 -5s. Not really quite sure what to make of this, but this is becoming too broad not to turn around. 

Wednesday, July 12, 2000:  Not a lot new going on. Sells still building in semiconductor and computer industries. May take a bit for them to execute, considering the likely momentum from the internet rebound that started today.

Tuesday, July 11, 2000:  Today's highlights include: Buy on internet - will definitely hold, but it's possible to get a down day or two (though probably won't, since YHOO came strong on its earnings report).  Sell developing on computer sector. We've got one up day on sells we got yesterday. Don't know if we'll get another up day unless the internets are strong enough to keep the rest of technology up, as the semiconductors are also already under a sell.

 

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