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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (33057)	10/16/2000 12:18:01 PM
From: Paul Shread	Read Replies (2) of 42787

I don't necessarily think some profit-taking here is that big a deal. There's been a ton of technical damage, and a shaky market ahead of key earnings under those circumstances is to be expected. I think the key is where we are by Wednesday or Thursday, when MSFT, SUNW, ARBA and the like report. IBM tomorrow is probably important, but INTC is a non-event. An analyst telling me to sell into strength on INTC should lose his job. Where was he six weeks ago, when it was clear the company was having trouble? I think this rally can run for at least a little bit; it's going to be tough to turn around and go much lower - there's a lot of money willing to come in around 3050, we know that much. Again, none of this rules out much lower lows in the months ahead. I just don't see the real key - negative GDP - happening just yet. BWDIK.

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