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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Tony Viola who wrote (102360)4/14/2000 6:15:00 PM
From: Road Walker  Read Replies (3) of 186894
 
Tony, re: "I've always had a problem with how something can get ahead of itself, and now I have to deal with it getting behind itself? <g>"

The market works on human sentiment, and like every person, at times we get overly enthusiastic, at times we get over pessimistic. Since October folks have been overly optimistic.

Take a moment to look at a weekly Nasdaq chart. If you look at the trend that was taking place before the October 18th low, we are pretty much where that trend would have led us had we not gone on that crazy upswing. So my guess is that we have come back to "not being ahead of ourselves" (or not counting the chickens before they hatch).

Not saying that we can't go down farther, we can always get overly pessimistic. But I think we're OK here as far as what reasonable expectations should be.

Now, have to walk the dog and then go to the symphony with my wife. The symphony actually sounds like a good distraction, MUCH better than thinking about this week in my investments.

John
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