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Non-Tech : QQQ - Nasdaq 100 Trust

QQQ 621.57

-0.3%

Nov 11 4:00 PM EST

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To: Iceberg who wrote (401)	11/11/2000 9:51:54 PM
From: Fred Gohlke	Read Replies (1) of 840

I do not find myself in deep agreement with iceberg or robert duke. I'm long at 80, so a bounce would be nice. However, it seems to me that the presidential contretemps is a smokescreen as far as the market it concerned. I think it more likely that the process of adjusting the overblown multiples of the past couple of years is continuing. I have no doubt that there will be a rally, but I have no idea what level it will start from or how far it will carry. If Monday is not a classic Black Monday, following the drops on Thursday and Friday, we will probably be OK. But I wish I were on the sidelines with my QQQ money. Fred

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