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How long will it hold?
We may still see the 550 - 650 level before the year is out. We could hold for two weeks, but I would not bet on it.
I would only consider a very tiny long position here if I was thinking of going long.
Stocks
2001 Prediction and Beyond.
Buy, buy, buy!!!
Any good Internet stock like Intel, and
Microsoft. I would only average in a 25% position at this point with no
great expectation. They may get cheaper in January, but I see 2001 as being
a sideways market in stocks with maybe 2002 being better. The Internet
is still very young. We are where the Wright brothers were in terms of
the development of the first airplane with regards to the Internet.
My best wishes to everyone in the New Year!
Rick Pereira
OEXTrader.com
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