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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (47934)	8/4/2000 10:20:44 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 63513

Ok, i'll ask....who is this Carpino that everyone is talking about? A link would be nice. thanks dawg

To: Jorj X Mckie who wrote (47934)	8/4/2000 10:22:45 AM
From: Oral Roberts	Read Replies (2) \| Respond to of 63513

I'm a little longer term then most. I have not changed my negative feelings for the next month or so. Have to get ready and load the car. Leaving for Jackson Hole in the middle of the night tonight. Gone a week. Hope all goes well for everyone! Jeff Roberts

To: Jorj X Mckie who wrote (47934)	8/4/2000 10:29:49 AM
From: The Phoenix	Read Replies (2) \| Respond to of 63513

Perhaps.... but as I mentioned yesterday - there will be no capitulation selling. The market volatility has already taken out the weak/nervous hands. It was a slow bleed in March/April and those positions are gone. It's my opinion that the whipsawing/volatility in the market means we will vasiliate in the 3600-4200/4300 range until something signficant tells us otherwise. The two most signficant events on the horizon are a possible end to interest rate hikes (FOMC this month) and the election... so I'm biased long. There is nothing that says we don't go lower but capitulation will require us to go sub 3000 by at least 100 points and I don't know... I just don't think that's going to happen. Maybe I'm too polyanna about this but I think capitulation is overrated now. Why? Because the excesses that had built up over years in this market were taken down a significant notch when we went to 3100. To let more air out we have to go lower. I think the negative news is out. OG