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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (13903)	10/23/1999 11:49:00 AM
From: Kaliico	Respond to of 57584

FYI : DSL article, i like the growth numbers, bodes well 4 DSL stocks IMHO. forbes.com

To: Rande Is who wrote (13903)	10/23/1999 5:11:00 PM
From: Trumptown	Read Replies (1) \| Respond to of 57584

Yet another sign of the similarities to last year... "The current short interest for Standard and Poor's Depositary Reciepts (SPY - 129.00), a security that allows investor to go long or short the S&P 500 Index (SPX - 1283.61), has reached approximately 29,000,000 contracts from 21,000,000 contracts last month. This means that investors have reached a pinnacle of pessimism for the outlook of the SPX. This record level of short interest is the highest seen since October 1998, which is just before the market began to rally. This combination of investor pessimism and potential for a short-covering rally are healthy signs for the market." ____ Bears are looking for a down market next week (as they were on IBM Thursday)...however, if the market holds it's own, since it's the last week of October...I would expect buying as the week rolls on... Brokers and financials look poised for a run... I also believe xDSL is picking up steam... Message 11654680 SR