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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (21042)	10/17/1999 10:10:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 53068

Crystal Ball: - my crystal ball hasn't worked real good since i used it for bowling, but here goes: Futures are only - 1.30 now, asia down sharply, japan, australia - 1.5%, rest weaker, HK closed. all expected follow thru to friday ny Europe will certainly sell off following NY. expect NY to open down some but steady. think Monday will be an up day on close. Many stocks are selling at very attractive prices. Parallels to Friday/Monday 1987/1999 will be yacked, but things are never the same. Think likely we will see 9200-9600 on the dow, but that's only a bit more from here. setting a base for strong year end rally. interest rates will continue to tick up. strategy: avoid junk and knives look for quality stocks at reasonable prices take profits on some shares on moves up, hold good issues take losses quickly target 30-50% cash in trading accts retain investment posture for long term investments don't panic don't get greedy don't get stupid. think internet stocks, particularly, aol, cmgi, yhoo strong positions right now good luck all. larry