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Strategies & Market Trends : Rande Is . . . HOME

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To: American Spirit who wrote (10707)	8/12/1999 8:54:00 AM
From: Rande Is	Read Replies (2) of 57584

Respectfully, what are you talking about? Our gold port was up 6 percent yesterday with 11 stocks. Today gold is up another 1.80. Internet and high-tech stocks were up about 1 percent by comparison. CISCO and company CARRIED the Nasdaq. And most of us do not own the Nazdaq composite. . .but rather a hodge-podge of small caps, which haven't given a clear signal of bottom. We saw volume weaken into the close and the SPOOS this morning is just above fair value, showing a modest rally. . . nothing signifcant. Transportation stocks, the leading indicator of the Dow Average historically, have been extremely weak and have not turned. The breadth has been lousy [except yesterday where it was back and forth and closed with advancers winning]. And the overall daily volume is still weak. And if you wish to believe the bash stories on T, go ahead. . .I laugh at them, because they are ridiculous and totally biased. If you would like to believe the bottom has been hit, then by all means buy up everything. I think it was just one more sucker rally and that by Monday we will be mostly lower. . .[changing voice to sound like Dennis Miller] "but that's just my opinion. . .I could be wrong." Rande Is

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