To: DlphcOracl who wrote (13303 ) 10/10/1999 5:46:00 PM From: Rande Is Respond to
If I were to venture a guess on market direction this week, it would be a rally the first half on earnings, with a sell-off the second half, despite earnings. . .so I plan on lightening the load by Wednesday in anticipation of a correction the last half of the month. . .where I will be looking for bargains on any panic selling I see. . .November, I expect to be volatile and driven primarily by daytraders and bulls. . . the bears have been in control since we sold off April 15. . . .I believe bulls will take the ball through November and the first week of December. . .then volume will once again dry up the last 3 weeks of December. . .I'll be waiting with a net to catch the best stocks that fall from grace on any Y2K concerns. . . .I no longer have Y2K concerns and I think that the "big sell off" will be a bigger disappointment. . .it won't be much different than the last half of October sell-off, in my opinion. . . one thing is for sure. . . I plan on being fully invested come New Years Eve. . . because I believe the gap ups on high-tech high-fliers on January 3 will be big and the money flow will be fast. . . . . and I intend on staying fully invested until April, when I will re-evaluate. Sounds like last year? Well, thats because I have seen very little departure from the seasonal paths we are following. . .so I expect the money flow to go in a similar manner as last year. . . until I see reason to think otherwise.
