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To: HandsOn who wrote (9787)	8/13/1999 7:15:00 PM
From: American Spirit	Respond to of 118717

Fine, but IMO the market just already shook out the weak hands to get cheap shares. Very cheap shares in some cases. No inflation worries = back to the recent highs. Low volume simply means a lot of people are on vacation. Short covering, sure, but that's not all it was. It was the PPI numbers. The bottomline. All this inflation fear is mainly just paranoia. We're far from overbought here. Watch a bellweather like LU and see. It's at 65 now, up from 60 which is its base bottom. Was recently at 77. I think it can do at least 69 before I'd get worried. And some smaller stocks are still down 40% in the past few weeks. I can definitely see those popping back at least halfway. Bargains. And no reasons not to buy them that I can see on the horizon. This correction we just had was just what we needed to keep the bull market going. Next stop mid September when october jinx fears will spook a lot of people. That gives us a good month here to make money. Now is the time to be in not out IMHO. Of course I could be wrong, as always.