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To: Tom Hua who wrote (103)6/10/1999 10:42:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 790
 
Tom, I agree with you, most of the net are still in free fall, and that piece of news will accelerate this trend, IMHO. That is one reason I am not sanguine about the market yet, despite the superb performance of the semis. I think that until the end of the month when the market knows what Greenspan is going to do (even if he raises rates by 25 basis points, which I doubt he will), we will be suffering from uncertainty and thus generally weak markets, IMHO.

Zeev



To: Tom Hua who wrote (103)6/10/1999 10:45:00 PM
From: Peter V  Respond to of 790
 
Tom, I agree about the CMGI effect on the nets, but does it look like the broader market is ripe for a snapback rally? Looks a bit oversold here, although I'm the first to admit I'm not a TA guy.


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