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: Teri Garner who wrote (104405)	5/10/2000 5:12:00 PM
From: sam	Read Replies (3) of 108040

I take it I'm the only one who thinks there may (and I emphasize the word 'may') be a rally tomorrow. Here's my thinking. The market will open weak...and the selloff will get ugly. Yea -- one of 'those' days. And then the 'real' buying will ensue. Seems lots of people expect a rally AFTER the FED raises by 50 basis points. But these things always start a little early. I figured Monday for the beginning of the rally. A lot of people, however, will be jumping the gun...to get the lowest price...since the early morning selloff will inevitably be very ugly. Hence the possibility that the rally may stick. As for margin selling -- imo there will be some of that in the morning, but a lot less than a couple weeks ago. I suspect a lot of the margined were taken out already. The market seems leaner now...but I could be wrong. Indeed, I could be wrong about this entire scenario.

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