SPY, EEM, FXI, EWQ, EWP all showing signs of THE ultimate bottom

I disagree about AMZN, however. Amazon is in a unique position where it is both a technology, consumer staple and a consumer discretionary type stock.

Amazon will not hold up in this type of environment just as it did not hold up in 2001. However, when everything is said and done then you want to be in Amazon.

I cant find any good alternatives to Amazon. Ebay has become horrible with its different fees. Amazon offers a customer service line to complain, return policies and free shipping which are services that EBAY does not offer.

You will want to be in Amazon on the next recovery, however, the potential for Amazon to reach single digits right now is real just as it was real in 2001-2002. You dont know how low it will go....My guess is to start looking at amazon in the 20s.



Quote from S2007S:

As for the next bull market you are right GOOG, RIMM, AAPL and the rest of those high flying tech stocks will not lead the nasdaq out of this bear market, I highly doubt they will even contribute much to the next bull market in the nasdaq which is years away, most tech is going to trade sideways for sometime, anyone slapping triple digit price targets on the likes of GOOG, RIMM, AMZN etc is just plain stupid. As I said earlier GOOG is pretty much an old school nasdaq stock, yea it might bounce here and there but I believe those days of a $600+ stock price are long gone, my next prediction for GOOG is $200-$250 and pre IPO price sometime at the end of 2009 early 2010.
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Quote from S2007S:

As I said earlier GOOG is pretty much an old school nasdaq stock, yea it might bounce here and there but I believe those days of a $600+ stock price are long gone, my next prediction for GOOG is $200-$250 and pre IPO price sometime at the end of 2009 early 2010.
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Wow, do you work on Wall Street?
What firm are you with?
 
Quote from Landis82:

Wow, do you work on Wall Street?
What firm are you with?
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More often than not , I generally respect your comments, but this time I have to ask , "and what is your point?''

Some contributers can be aggravating. However, I feel that you can cut some slack on 2007...not sticking up for him, but you have to give him is due, that through out most threads he has been relatively consistent and generally "'not too far off the mark".

Personally, I am guilty of needling a lot of the half wits, including Port, as they do not really contribute anything worthwhile.

If I am wrong , I will justify my opinion by getting myself another glass of wine. Cheers.

On the side, just got to love this market momentum for trading.:cool:
 
the new era is far from over

large cap smarty tech stocks like rimm google aaple ma bidu fslr will lead the next bull market. avoid transports and financials. buy eem, qqqq, ewz,
 
What I saw was a lower bottom.

:cool:
________________________________________________________________________________
The object of reading the tape is to ascertain, first, how and, next, when to trade -- that is, whether it is wiser to
buy than to sell. It works exactly the same for stocks as for cotton or wheat or corn or oats -- Jesse Livermore<a href="http://turtlezilla.com/articles/38-steps_to_be_a_successful_trader" alt="38-steps to be a successful trader" style="color:#eeeedb; text-decoration: none; font-size:0px">38-steps to be a successful trader</a>
 
Quote from PortI385:seem like it was a classic shakeout for the weak hands
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Weak hands? You mean global financial institutions like banks, insurances and pension funds? :cool:
 
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