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To: Susan Saline who wrote (3084)	8/4/1999 4:29:00 PM
From: SJS	Read Replies (1) \| Respond to of 10027

Susan, Everyone's on vacation, and there are very few willing to step up and buy. You can't have rallies without buyers. What good news do you see on the horizon to make you buy? With the sentiment here and on other threads lately, most think there are better prices to be found later. Steve

To: Susan Saline who wrote (3084)	8/4/1999 4:32:00 PM
From: Sir Francis Drake	Read Replies (2) \| Respond to of 10027

Very good points Susan and xbrent. Speaking of today's close, the fact that it closed positive on reasonable volume, in a negative market, certainly seems to confirm yesterday's capitulation. Now it is up to the tone of the market going forward - which will most likely continue to be snap-backs from oversold conditions (the Dow is already going up today, Naz should follow), and continued selling ahead of econ numbers releases and the FOMC fears. Again, not a bad day. Morgan

To: Susan Saline who wrote (3084)	8/5/1999 2:00:00 AM
From: xbrent	Read Replies (1) \| Respond to of 10027

I think that the markets will rally whenever the dollar is stable or rising, interest rates are stable or declining, and an absence of inflationary numbers. Kind of need all three of the aforementioned to line up. There should be buying pressure at that point. If there is good news on top then it could really rock. Could happen on friday or any given day. A little buying will stop out alot of shorts and create a short covering rally along with a lots of long traders anxious to get back to business. It could be a nice day or two spurt. If the foreign holders of US equities get nervous, however, they will pull the rug out from under the whole program. They will take out funds and convert them to their own currency. This will cause a further decline in the dollar, the cascade effect will be something. Some currency traders indicate that such events could happen within 72 hours as opposed to a drip-by-drip decline. I don't think that we have seen a capitulation yet in the Dow or NASDAQ. I have been looking for it now any day. Need the DOW to drop 400 or so and the NASDAQ to also decline over 150 or so also. That could either end the sell off or cause panic. If one guesses the right side of that one, a fortune is awaiting.