Compaq Message Board - Msg: 11798715

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Technology Stocks : Compaq

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To: The Duke of URL© who wrote (70881)	11/3/1999 3:38:00 PM
From: rupert1	Read Replies (2) of 97611

Duke: "I do not think he predicted a market turndown today. In the post I read....." This is it: STOCK MARKET - Sell-off late day by: sikorskys76 11/3/1999 12:44 pm EST Msg: 109898 of 109980 Last nite, Australia's central bank raised interest rates. Thursday, BOTH the Bank of England and the European Central Bank are widely expected to raise rates too. I would expect that today will mark the "high-water" point for US stocks, as no further progress can be made ahead of overseas bearish events on Thursday, and negative data due out on Friday. I am not optimistic of further upside, and expect that a weekly close in the NASDAQ below 3,000 will mark a rejection of new highs, and a correction in that index of 5-10%.

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