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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (3151)	7/28/2000 7:03:43 PM
From: Clappy	Read Replies (1) of 13572

I'm wondering how big the explosion could be with the wave of margin calls that will happen the beginning of next week. I agree that we are oversold. However, where will the fuel for the fire come from? ...and how long will it burn? We blew through several levels of support. All of these signal a bearish outlook. I do see a rally. But I also see alot of people selling into it. Mind you, we still have not tested the May lows. I would like to see the Naz approach that level and recover at a higher level than last time. Until then, I can't get a clear direction of the market. I'm sitting with cash in hand. Just the opinion of a stooge. -Clappy

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