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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: TigerPaw who wrote (33903)	10/27/2000 1:52:56 PM
From: Boplicity	Read Replies (1) of 54805

I believe we seen the end of the bulk of the selling after the retest of last weeks bottom. It was a rolling sell off with the most obvious area of excess, the net stocks, being taken care of first, and the last area of perceived strength, optical then storage, the last. I believe stocks like SEBL (CERN is another one) that have held it's ground during it all will not break support unless the rest of the market is damaged more then I think it has been. What we will see now is a rolling bottoming process, with each area finding the firmer ground. INTC is a good example of the above. To understand what I'm saying, you can look at like an unwinding spring, or decaying oscillation. Baring some unforeseen external event, what I see going forward is more subdued market with an upward bias as investors anticipate the year end rally, which in itself will not be as grand as the pundits have been saying. The only near term possible negative is CSCO earnings, which I believe will be more of the same for them. So in sum, a slower moving sideways market with an upward bias. I hope! <g> Greg

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