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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (1913)	9/27/1999 10:42:00 PM
From: avanti77	Read Replies (1) \| Respond to of 19374

<Try classic SI where you will find all is well ........at least for a short time. The new SI version has a different field of view and some of the html I put in my profile has stretched the page out a bit......this is something else I need to fix and I apologize to you for that. Several days ago I had a DOW 9800 as a targeted support level but it may have changed a little since that time. I had the NAZ down 100 more than its recent lows but things did stabilize some what so I changed my game plan and have not looked today...........Ill do it in the morning if you would like. RMBS is now in my long term hold portfolio.......I had 2 chances to escape with little harm but really like RMBS long term so I will just hold. I had $55 as a possible low on that one. Wouldnt you agree that the damage has been done.......so high 50's low 60's seem a logical support now?> Unfortunately, all clicks seem to lead to the new SI site. Same problem on your profile page, and other problems as well. Guess they're still working the kinks out... As far as the #'s go, I was also thinking about 9800-9900, possibly 9400-9500. Today's upward activity seemed as though it were more the result of last week's damage, and the #'s didn't hold convincingly. I'll be the first to admit that I can't predict this kind of schizophrenic market. But, I think the market is looking for one of those definitive sell-offs of 400-600 before the bulls step back up to the plate. I'm reading between the lines on Abby's "moderately oversold" comment, and thinking that the ducks are lined up for a more definitive oversold comment. I really think a sell-off is far more likely than a rally, at least until the Fed meeting is out of the way. That said, logical support for RMBS really depends on the tenor of the overall market, since the downward momentum will more than likely take it to the low 50's, as the market is merciless with high p/e stocks which disappoint. Think I'll just hang at the sidelines for a while longer, and try to scoop up some bargains in the Telecom-fiberoptic sector when the bulls come back. VOD, JDSU, GBLX, and TERN are high on my bargain-hunting list. Good luck on your trades - look forward to your TA on the overall market.