Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: The Phoenix who wrote (11308)	12/31/1999 12:20:00 PM
From: Jorj X Mckie	Read Replies (1) of 63513

I think that it is a good possibility. I am buying things at support right now. But there is also a lot of money coming into the market at the same time. People that are higher income types can start contributing to their 401Ks again next week and then there is a lot of money still waiting on the sidelines in anticipation of Y2K (me included, though less than I had planned). I think the profit taking will be met by inflows. On the technical side, I believe that the e-wavers are calling for a cycle high on January 3rd. Also, we have strong indication that y2k is a non-event even in the second and third world. This should fuel some sort of rally. On the bearish side, I believe that the fed is going to stop pumping money into the market, which is probably what has kept the market propped up for the past couple of months. Overall, I am bullish. JXM

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