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To: JRI who wrote (156573)4/25/2000 1:50:00 PM
From: kemble s. matter  Respond to of 176387
 
JRI,
Hi!!

RE: Now, Ralph called the double-bottom today AFTER reading my post (around 4:30 PM yesterday) of the potential double-bottom in place <G>....Good inflation data on Thursday can set us off/up again....We'll see...

Great call huh? :o) Someone mentioned on CNBC last weekend that during the last 12 market years leading to a presidential election that the market has flown from May till November....Let's hope history repeats..

Best, Kemble



To: JRI who wrote (156573)4/25/2000 7:23:00 PM
From: Gabriel008  Read Replies (2) | Respond to of 176387
 
JRI, I hope your call on the Naz bottoming is correct but I've heard other technicians state that 2500 is a possible bottom for the Naz. Certainly another positive close tomorrow would help in determining direction and I sense that the market is eager to power through 4000 on the Naz. In any event, we are looking at a potentially powerful 4th quarter this year if the Naz decides to stay under 4500 until then. Although I'm an options player and play the momentum swings I do invest heavily in Jan01 and Jan02 leaps on the premise of a strong back-end to 2000 and a strong 2001. BTW, did you notice Nortel's earnings tonight. Not too shabby although I was not impressed with JDSU's earnings. Also bought more BRCM to add to my already hefty position. Have a good look at this stock. Regards, Gabriel