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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (92207)	4/3/2000 6:23:00 PM
From: KevinMark	Read Replies (4) \| Respond to of 108040

Stan? What did you just tell yourself? Buy on the dips and sell on the bounce. People are absolutely crazy for going long or short on ANYTHING for more than a week! Yes...everyone heard me correctly. There's ton's of $$$$'s to be made on these bounces, though not if your a long term investor. The market will continue to go up and down for the next 6 months. But, today? Today was an absolute joke! Why in the hell would anyone liquidate today? We all knew the decision today! Please, someone out there tell me you didn't expect this news? So when I saw the market selling off like crazy and INCA squashing every opportunity for a bounce before the close...I started laughing. I bought a ton of everything. Hell the Nasdaq RSI is 36!!!!!!!!! 36!!!!!! It WILL bounce back. If not tomorrow..sometime this week. I will be selling on that bounce. It's all charting Stan. You know that. Nothing goes straight up...or down. It's all relative. KM

To: stan s. who wrote (92207)	4/3/2000 11:00:00 PM
From: stan s.	Read Replies (1) \| Respond to of 108040

Not much to hang one's hat on in regards to the nasdaq chart. I hate to "reach" for a positive sign but it's pretty much come to that as various areas of support have given way i.e., trendlines , MA's, straight line support, 10% number etc. Very little stand alone support in close proximity to the price now. A couple of things do offer some comfort. The price is resting almost on the 90 day moving average, that line has not been crossed to the downside since mid October. The other thing is that 15% corrections are often considered standard fare along with 10%ers. That line has not been broken on a closing basis and stands around 4192 and is not insignificant. The other hopes are more in perception than technicals...and that seems to be the "enough is enough" feeling that does seem pretty pervasive. Perhaps some analysts, commentators and institutions are feeling a bit sheepish in this "hand wringing" that has been so prevalent... and will indeed see the opportunity to scoop up some good prices with earnings at hand. Hopefully the end is near....as far as the stock drop I mean. <g> Downside from here is IMO, straight line support around 3700 and would coincide roughly with a 25-26% correction. That's not unheard of (summer '98 was close) but that's a very strong one given the current circumstances. Stan