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To: bambs who wrote (36296)	5/23/2000 5:06:00 PM
From: Iceberg	Respond to of 77400

>the true bottom won't be found until we test 2200 bambs, Upon what basis do you forecast 2200? Sounds quite bizarre to me. Ice

To: bambs who wrote (36296)	5/23/2000 5:12:00 PM
From: lawdog	Respond to of 77400

Bambs, I agree. 2000 to 2500 looks like a good strong bottom. But that's not to say that the selling can't go to extremes of the same degree as the buying mania bubble.

To: bambs who wrote (36296)	5/23/2000 5:36:00 PM
From: JRI	Read Replies (2) \| Respond to of 77400

Bambs, lawdog, yogi ....doncha think that we are going to need something MORE (than what is currently out there) to get us down to Naz 2200-2500? Personally, based on what we KNOW now...I see that target as unrealistic... - Fed futures are pricing in either no rate hike or 25 basis point more (rate hike)...are you saying that the Naz market will continue down (heavy) EVEN THOUGH rate hikes will likely end in June? Or, are you predicting additional rate hikes (and fear) in August?? - Already, we are more than 2 months from the Naz high...Are you saying that we won't soon see this reflected in lower consumer spending figures and/or the Fed will not take this lower Naz into consideration (during June Fed meeting, after in notes)? I'm sure there are some on the Fed very happy about things now..but doncha think the current drop will satisfy those hawks? - My understanding is the Fed would be "satisfied" with growth in the 3% range...after another .25 pt. hike, are you saying that the Fed won't believe that the 3% growth target will be acheived 2nd half of year? - The papers are going to be filled with .com's going out-of-business in the coming weeks......if the low volume continues..possible layoffs on WallStreet...bank lending has tightened.....com'd can not find capital at the moment....com's reneging on PR/Ad firms, etc....do you think the Fed will be blind to this? Or, after we begin an uptick in unemployment...doncha think market will view (internet job losses/slowing gains) favorably? - Doncha think some VERY BIG people have lost A GOOD AMOUNT of money in the last few weeks...and Greenie will hear about it "Hey, what about a softer landing"? - Do you think it is historical bunk that in Presidential election years, from June to December, the markets do very well? Additionally, that, with current data, the Fed will be hesistant to raise after August (at the latest?) - There is a lot of cash on the sidelines...Cash keeps pouring into funds....is this going to sit lame for weeks, months while we go to 2200-2500? - The Naz is down 5 days in a row...i reckon we are careening towards a V bottom...with either China (Wednesday), Greenspan on Thursday, on friendly consumer data on Friday providing the spark for the rally off the bottom...2900-3000 resistance is going to be heavy... I am interested in knowing (any of your) scenarios of how we get to 2200-2500..is that during June, later? I am not saying it is impossible (although I believe highly, highly improbable)....At the least, I think you need to present some scenarios to get us there....Thanks in advance...

To: bambs who wrote (36296)	5/23/2000 6:13:00 PM
From: The Phoenix	Read Replies (2) \| Respond to of 77400

Bambs.. You crack me up.. LOL! Your prediction keeps going down. <ggg> 5400 5400 5300 5300 5200 5200 5100 X 5100 5000-------------------------X O ----X ------------------------------5000- 4900 X O X O 4900 4800 X O X X O 4800 4700 3 O X O X O 4700 4600 X O X O X O 4600 4500-------------------------X O --O --O ----------------------------4500- 4400 X O X 4400 4300 \| \| \| \| X X 4 X O 4300 4200 \| \| \| \| X O X O X O 4200 4100 \| \| \| 1 X O 2 O X O Med4100 4000-------+-+---+---X O X O X --------O X O ------------------------4000- 3900 \| \| \| X O X O X O X O 5 3900 3800 \| \| \| X O O O X O X X O 3800 3700 \| \| \| X O O X O X O X 3700 3600 \| \| \| X O X O X O X O 3600 3500-------+-+---+---C --------------------O X O X O X O ------------3500- 3400 \| \| \| X O X O O O 3400 3300 \| \| \| X O O 3300 3200 \| \| \| X O 3200 3100 \| \| \| X 3100 3000-------+-+---+---B ----------------------------------------------3000- 2900 \| \| \| A 2900 2800 \| \| X X 2800 2700 \| \| 7 O X 2700 2600 \| \| 4 O X * 2600 2500-------+-+---X 8 +-------------------------------* ---------- Bot2500- 2400 \| \| X \| * 2400 2300 \| \| 1 \| * 2300 2200 \| \| X \| * 2200 2100 \| \| C \| * 2100 2000-------+-7 --X --+---------------------* ------------------------2000- 1900 \| 4 O X \| * 1900 1800 \| 3 O B \| * 1800 1700 \| 9 8 X \| * 1700 1600 \| 8 O X \| * 1600 1500-------+-7 O X --+-----------* ----------------------------------1500- 1400 \| 1 A \| \| * 1400 1300 \| C \| \| * 1300 1200 \| 5 \| \| * 1200 1100 \| 2 \| \| * 1100 Next support is 2600 - the BSL and if we break that which looks like there is a little support at 2500... after than there is no support to 1500 so where does 2200 fit in??? OG