Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: SouthFloridaGuy who wrote (96903)	4/14/2000 3:08:00 PM
From: Kimberly Lee	Read Replies (9) of 108040

Shalin, the market is setting up today as the prelude to a Black Monday scenario here. Brokerage firms have the whole weekend to work on their margin call backlog; Joe, Jane six packs have the whole weekend to worry, fear compounding fear; the media has the whole weekend to disseminate sensational pessimism. JDSU is very near support at 82 - I doubt it can hold here QCOM next support 105, probably won't hold MSFT below 75 Not enough capitulation today. Still too much complacency, and selling will accelerate towards the close. Sometime on Monday, most likely near the close, the market will present buying opportunities. But until such time, cash is the only royal currency.

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