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

To: carepedeum2000 who wrote (31693)	8/10/2000 10:02:44 AM
From: JLS	Respond to of 57584

Thanks, consider ONIS. Check AMRI, it's holding the gap up right now and I'll probably cover it here, from 70 yesterday. EFNT falling apart.

To: carepedeum2000 who wrote (31693)	8/10/2000 10:37:56 AM
From: JLS	Respond to of 57584

Covered shorts for now. This is an incredibly tight range we are in. It will be interesting to see which side it breaks through. A down week next week would be a nice set up, but I think investors are getting tired of being scared...their nerves are a little frazzled. Seems every time it feels safe to get back in the water, the rug gets pulled out from under them. This is what late last summer was like too, with tons of headfakes north and south. I'm outta here for now. Julie

To: carepedeum2000 who wrote (31693)	8/10/2000 10:38:12 AM
From: Rande Is	Read Replies (5) \| Respond to of 57584

. . . . . . . MARKET ALERT. . . . . . . . . . Market making me seasick. Up and down and headed nowhere. CSCO, AMAT, PPI had no significant impact. . . CPI won't either. Do we flounder right into the FOMC meeting? Or could it be that because we had clear skies into FOMC and began to rally Friday and Monday. . .that a lid was placed on the markets to keep the retail investors from getting the best stocks on the cheap then driving them upward into FOMC. That would not benefit the Big Boys. And August is an easy time to control the markets, due to low volume. So I am watching for the selloff to widen and am not expecting a rally to start out of nowhere. I think we drift slowly lower for the next 2 weeks, erasing all the gains we made since August 3rd. . . breaking the narrow trading range we've been in the past 2 weeks. . .to the down side and break through the Aug 3rd low. . . Even though there appears to be no storm brewing, the bulls are having a siesta and are snoring instead of snorting. Meanwhile, I believe the bulk of the play action will be on the Dow and not the Naz. I think we'll begin to see moves in some sleeper sectors again. . . and general strength in the Dow, which will get the street all excited. . .may even be more word that Tech is dead. Don't believe it! The high fliers are still plenty high here. . .and need chopped down more, before they look attractive. Techs in general have been selling off since the 17th of July in the midst of earnings season. . . .selling off UNDERNEATH the leaders. . . while the Nasdaq COMPX and the NDX were green and not reflecting a selloff. We are down about 11% from the July high on the COMPX and nearly the same on the QQQ. But it is those smaller caps that we all tend to hold too many of. . .that sting the worst on such selloffs. . . if held in too high a percentage of portfolio. Never turn your back on risk. Getting more defensive. . .more short. . .pulling bear suit out of cedar closet for a while. Trading hoofs for claws. Unscrewing my horns. It's going to take Alan Greenspice to wake the bulls. Rande Is