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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Mark Konrad who wrote (31296)	8/5/2000 12:10:32 AM
From: carepedeum2000	Respond to of 57584

while im not ready to turn my bear suit in just yet, i have to admit im impressed with the market action this week, i think the fed is out of the way, and if csco does their job, the nasdaq may very well have their bottom, with everyone looking for august selloff, just maybe, we may get more of a rally than everyone was suspecting, the area around 3900-4000 will be the testing ground to determine wheather this is the real deal or not, i have to admit, im not near as bearish as i was, and will be watching the market closely and let it tell me where the next 2-300 points are, they may just be up, i think we will get followthrough on monday, then cisco has to come through, and if that happens, we could get some real nice moves on the negative side, the vix was too low to signify a typical bottom, the best plan is to let the market tell us where it is going, the short term signs are usually there, but i can see a rally developing rande alluded to the possibility a couple of days ago, lets see what happens next week