By Joe Cotton
Cotton's Technically Speaking
We believe the market has successfully tested its lows and that the Great Bear Market Has Ended... thanks to the FED and Bush's stimulus package. The buying last week seemed like the real deal. We believe the market will move strongly higher next week... and the shorts will get squeezed and the Hot Stocks, and large cap growth stocks will rally further... We believe that the market will now surpass its former highs before it goes lower than the intra-day low of 11,5000 established in January of this year... barring some international political crisis, or terrorist attack on U.S. soil... Kosovo could become a real problem... seems like all we have are problems and confrontations from the Bush administration...further alienating our former ally Russia... God help us that Bush doesn't try to push China around by publicly pledging military support to Taiwan... or Tibet... because China, unlike Iraq, has nuclear missiles and won't hesitate to use them against a foreign power meddling in their affairs. The following stocks are relatively low in price historically, Astrazeneca (AZN), Boardwalk Pipeline (BWP), Haolzyme (HALO), Citigroup (C), Joe's Jeans (JOEZ), and Syntroleum (SYNM), and some have good insider buying... like Seattle Gen. (SGEN), and Scientific Games (SGMS), Sunstone Hotel (SHO) and China Security & Surv. (CSR). 3/23/08
Editor's Note: Joe Cotton is editor of Cotton's Technically Speaking, a weekly Online market letter, 1 year, 48 issues, $200, 6 months, $100, weekly $5. Cottonstocks.net
