VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Venkie who wrote (6654)	10/9/2000 11:54:08 AM
From: SecularBull	Read Replies (1) of 65232

This probably is the true double bottom from April. I think that we've had a general broadening of the sell-off since that time, and we just need to take some of the generals down to see a bottom. The bottom may be under 3000, but I wouldn't fret too much if we went there. Remember that the NAZ is market cap-weighted, and it doesn't take much air coming out of CSCO or SUNW for this thing to get significantly lower. WCOM and DELL, for example, are in the toilet (far lower than they were the last time we were nearing 3000), so you don't have their market caps to keep this thing above 3000. Look for money to flow back into these guys, first. WCOM up today, strangely enough. LoF

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