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Strategies & Market Trends : Rande Is . . . HOME

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To: KevinThompson who wrote (38732)	10/18/2000 12:01:26 PM
From: Rande Is	Read Replies (1) of 57584

Kevin, as I recall. . . . October of 99, the feeling was more like "the tech bull market is over" and "it was all just mania" . . . there was a feeling of hopelessness, but it was very mild by comparison to this year. October 98 saw a series of sharp declines over about a week or so period and was driven by fear over world markets. Asia would selloff on the US declines, then the US would selloff on the overnight Asian declines. . . back and forth until we hit that terrible capitulation day. Was it October 18th? I think so. On that day, we gapped down terribly. . .there was absolute panic and surrender and the market rallied beautifully from that day forward. Today is very similar to that day in 98. Will today go down in history as the best day of 2000 to place tech buys? The prudent thing to do is to wait and see. However, I am betting on it. . . and so far, so good. Rande Is

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