To: Augustus Gloop who wrote (35048 ) 11/1/2000 6:27:29 AM From: long-gone Respond to of 63513 <<Wait a second.....RALPH ACAMPORA SAID TECHS ARE GOING LOWER?>> He's back on Bloomberg this morning, rumor has it he's going to call "the end of the Bear Market". Friday October 13, 11:42 am Eastern Time Prudential analyst sees surge if Dow dips to 9,700 BOCA RATON, Fla., Oct 13 (Reuters) - Prudential securities analyst Ralph Acampora said Friday U.S. stocks would rally dramatically if the Dow Jones index dipped below 9,700. Such a drop, or a fall in the Nasdaq index below 3,042, would initially touch off a surge of selling, mostly by day traders and other individual investors rattled by this year's ``stealth bear market,'' but a strong rally would follow. ``It would be a harrowing couple of days, but then it would pop back up,'' Acampora, the Director of Prudential Securities Technical Research, said in a brief interview. Value buyers would jump in quickly and send equities sharply upward, he said, without giving a forecast for the expected rise. ``I don't want to minimise people's pain. Something like Intel (NasdaqNM:INTC - news) has lost 50 percent of its value in a month. But now you are talking about Intel as a value proposition. No more laughing at (celebrated value investor) Warren Buffett.'' Co-author of ``The Fourth Mega Market'', a new book predicting an overall boom in U.S. equities through 2011, Acampora earlier told a meeting of the Security Traders Association in Boca Raton that market downturns were inevitable and welcome because they shook out unrealistic investor expectations. But forecasting the short-term course of the stock market was very difficult just now because of the attack on a U.S. warship in Yemen and continued fighting between Palestinians and Israeli government forces. Stocks on Friday bounced back in early trading from a sharp sell-off on Thursday. The technology-laced Nasdaq Composite Index (^IXIC - news) was up 69.39 points, or 2.26 percent, at 3,144.07. The Dow Jones Industrial average (^DJI - news) rose 93.97 points, or 0.94 percent, to 10,128.55. biz.yahoo.com