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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: jmac who wrote (5150)10/3/2000 7:37:06 AM
From: Clappy  Read Replies (1) of 65232
 
Hi Jmac,

Many say that a selling climax would be required before we can begin the next bull run.

The question would be, "Will it happen during this dip or the next?"

A small 60 point drop to 3500 would not constitute a selling climax with panic in the air.

Hovever, an intraday sell off of over 150-200 points that rebounded and finished above your 3520 mark, could represent a selling climax.

I don't think that will happen today.
That would be a lot of action in one day.
Especially on a day where the Fed Reserve meets.
Ususally on those days, there is low volume and a lot of wafting up and down.

At some point we get their announcement this afternoon.
I'm guessing that the relief of their announcement to do nothing, will allow the market to rise.

Followed tomorrow with Buy recommendations, by the houses, on a whole array of Naz/ S&P/ Dow leaders.

This may propel us for a week or two and the churning and grinding continues as earnings begin to be released...
If earnings turn out well (somehow) it could possibly lead us to a higher high then the one in September. Now that would be a bullish signal...

I'm looking for another bubble to ride.
Also looking for a bounce in INTC and AAPL.
I don't think we will crap out today.

-ClapOff
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