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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (24052)4/16/2000 11:40:00 PM
From: nikko  Read Replies (1) of 57584
 
Hi Rande, with the Nasdaq wanting 2800 to 3000 and all the panic worldwide today , taxes and margin calls,I still think tomorrow will be another selloff, if it's one thing I picked up from CNBC on the last selloff, was this old timer on the floor and said Tuesday is famous for putting in bottom's, it just seems to obvious( which makes me question my own judgement), but anyway I still feel tomorrow will be down and probably tues am will start with a selloff and sometime on Tues a strong rally to pursue(for the short term at least),so the way I see it if the rally was to happen tomorrow I would buy before the close and probably sell on Tues am for a quick flip if not I am thinking of buying in on Tues am and hold for a bit, I spent extensive hours this weekend looking for the most beaten down stocks,stock's that were high fliers and got beaten down even lower than they were or close to levels before Aug to Oct (before the big run in the nasdaq). My closing thoughts are if there was another selloff tomorrow it would be healthier for the market with more upside room and a better washout and panic feeling (not to hurt people who are still long here or thrive on their pain) but I just want all the selling to be done and start on the road to recovery if we rally tomorrow I still feel there will be more downside to come (not much but will delay the process of recovery)but will still have to see what tomorrow brings in order to make a better judgement. Would like some opinions.

Good Luck To All
Nick
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