VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (20052)	11/28/2000 12:32:34 PM
From: marginmike	Read Replies (3) of 65232

I dont agree, I think 2200-2500 range will be the bottom. It may be an inter day type thing, but panic must set in. I called 2800 as the low 3-4 months ago in Feb when I went to cash. I am getting more bullish then in the last few months, but I still see worsening FA in the economy not being fully discounted. The thing that needs to be understood that in declining cycles PE contract as do the actuall Earnings numbers. We have had the 1st but not the second. I am actually ST more bullish on Consumer Tech(non PC) then Networkers. The drought in Capex will wipeout earnings. This is why SOX is so weak. Meanwhille Consumer spending has held up, and will until people start loosing jobs. Radio Schack and others have said tech consumer is still spending. If I were to trade anything I would look for consumer oriented tech stuff, and retailers. Going into earnings they will have a nice trade bounce. i suspect low will be in May when last leg is put in.

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