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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD) -- Ignore unavailable to you. Want to Upgrade?

To: johnsto1 who wrote (210)	7/26/1999 10:41:00 PM
From: Phil(bullrider)	Respond to of 1884

johnsto1, I know you did not ask me the question, but I believe most of the internet stocks are way overbought and believe anything related to them are due for a major correction. Isn't that the same thing the bears have been saying for years though? Who knows? Have fun, Phil

To: johnsto1 who wrote (210)	7/26/1999 10:48:00 PM
From: Mr. Miller	Read Replies (1) \| Respond to of 1884

A correction occurs when the market drops 10%. The NASDAQ will be down 10% off highs at 2587, which is 32 points from here. The biggest drop for the NASDAQ in the last while was last year's bear market. We get them every three or four years, and they last about 4 to 6 months on average. We are not in a bear market. We are pretty darn close to the bottom here, IMHO. I think the market is using the FED and rates to find a reason to move sideways for a while. Good reasons, but unfounded at this time. Rates have been trending down for years, but along the way they bounce up. Those bounces up in the yield were buy signals for the 30-year T-bill. The following chart will show how we tested and retested 7%, for example, a few years ago, but failed to bust through it. Why? Low inflation. Just like today's environment. We tested 6% on the bounce up, and we'll retest it in the future. It will be down again to 5% or lower in 12 to 18 months. quote.yahoo.com^TYX&d=mym Miller