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Strategies & Market Trends : The New Economy and its Winners

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To: Olu Emuleomo who wrote (3516)	11/29/2000 12:57:41 PM
From: Bill Harmond	Read Replies (1) of 57684

I think that's a tough call, Olu. The election controversies certainly broke what was a nice technical bottom formation, and the sell-off since has been extreme, so we could expect an emotional relief rally of some sort. However, there is all sorts of technical and strategic issues working now because of year/quarter end. We have tax selling by individuals (including mutual-fund switching), pre-announcement season, and reluctance by fund managers to sell winning positions (read defensive issues) before quarter's end. I think these issues outweigh election relief.

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