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Strategies & Market Trends : Rande Is . . . HOME

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To: Kevin Shea who wrote (24596)	4/25/2000 1:49:00 PM
From: Mark Konrad	Read Replies (1) of 57584

Excellent analysis, Kevin! I see similar trends but believe the congestion will eventually break to the upside due to fundamentally positive world market conditions. Any churning between 3500-4000 will frustrate traders and drive managers to the sidelines creating a vacuum; this sets us up for a surprisingly strong summer rally that will continue well into the fall (imo). A spike below 3000 would be a vicious climax to what we've already seen; I don't think that will happen (too many strong hands ready to pounce) unless there is a big external event (war, asteroid hitting the earth, etc!). At these prices, I am becoming an unabashed high-tech optimist--much more upside potential than downside risk. Many of my individual stock charts are showing signs of exhausted down moves (example: from 65 down to 8, how much lower can a fundamentally strong company like OMKT go??). Regards, Mark

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