Ask DrBob Message Board - Msg: 14927867

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Strategies & Market Trends : Ask DrBob

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To: mike60613 who wrote (15660)	12/1/2000 5:48:28 PM
From: FLACK	Read Replies (2) of 100058

mike, re: NAS - I'm in agreement with you. What I'm about to say has little to do TA. I'm talking from my gut here... so, in the opinion of my gut, the Fed isn't going to do anything drastic at it's next meeting. The NAS may be under water but the other indexes are not in bad shape... therefore, the Fed isn't going to reduce rates to save one sick index, especially since it's the one played by the momo crowd. I'm expected more pre-announcements and plan to take home doggie bags for the next two weeks...stocks at or near support in the $70-100+ range, as a single bad announcement can gap them down 5 or more points. I'm looking at the way INTC CSCO MSFT BRCD SUNW VRSN JNPR VRTS and QCOM came off their highs today. Some of these might be worth watching. I reserve the right to change my mind, but that's the general plan as of this moment.

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