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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (27957)	8/18/2000 8:23:23 PM
From: Electric	Respond to of 42787

Don, Great post as usual. I like your analysis and thinking. I agree and was talking with some co-workers and we were feeling the same way. I thought if we rallied into the meeting tuesday that it would be a high probability of selling on the news after a brief head fake, but if things dont move strongly into tuesday, then a rally can last longer before a september fade. Speaking of the Naz high set earlier this year, I dont see how it is possible that we get anywhere near 5k. Pull up any fiber optic stock chart, or bio-tech or any mid range technology stock, notice the huge spike in March and April. That is what would be needed to get back to 5k, a feeding frenzy. I was commenting today that if I saw CSCO over 70 I would get very, very cautious. My feeling is that the top will be as you are planning, but if the fed holds and changes bias then rates will start to go lower. If rates go lower than any signifigant drop in the markets will be minimized. I think any rally or drop going forward will be accelerated in either direction. The markets seem to drop and rise in a manner that is like no other time I have seen. I always look forward to reading your posts Don, even if I cant make dumplings..lol