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Technology Stocks : INTEL TRADER

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To: Gersh Avery who wrote (6870)9/25/1999 1:26:00 PM
From: Gersh Avery  Read Replies (1) of 11051
 
OK .. next week.

Fridays bounce will not go unnoticed overseas.
Tensions about valuations will be relaxed.
As a result overseas markets should go up overnight before our open.
As a result of that there should be something of a flow of liquidity toward these overseas markets. (read that as the dollar goes down a little more)
Our market drops a little more because of liquidity drainage.

Tues, Wends, Thurs.

Pressures:
End of quarter mutual fund window dressing.
Equity fund cash outflows.

The market might remain somewhat flat during this period of time as the two factors go against each other.

Friday ..

window dressing is all over.

the only remaining pressures are:
negative fund cash flows
falling value of the dollar
people trying to catch a falling knife

For the week the critical factor is:
Do the dip buyers come out in enough force to cause a reversal in fund outflows?
This will be in place by 9/29.
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