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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (46518)	2/2/2001 1:06:46 PM
From: American Spirit	Read Replies (3) of 57584

Naz testing 2700, successfully so far. Let's hope that there's a nice bounce off it next week. Being a Friday most would rather error on the side of caution. I can't think of any other tech leaders which haven't warned or been cut down already. This earnings season has been brutal but will soon be history. All piced in but human emotion tempts one to sell into weakness and buy into strength. Resisting those impulses makes for smart trading. Just glad I sold by CMTN at the high the other day. But am pissed about the 1% VZ downgrade which is really unwarranted. The crime is it brings in shorts screaming for a 20% drop. They are wrong of course and a buy signal in themselves but annoying nonetheless. Meanwhile we are seeing stocks settle at their bases thereby providing good bounce opportunities for the near future. Looks like the Fed will have to continue cutting sooner than later though. Another 1/2 point rather than 1/4 point until the doom and gloom washes off for good and everything stabilizes. Greenspan knows what he's doing I believe. Nothing to stop him from cutting again, even next week.

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