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To: chartseer who wrote (24387)	9/19/2000 9:00:10 AM
From: Larry S.	Respond to of 53068

CS, thanks a bunch for your work and posting. I use TA a lot, mainly stochastics, as well as how a chart "looks and feels". Its obvious that we are in either a short term bear market, a correction, or the start of something worse. The year 2000 oil shock is just beginning to have an affect on market psychology. The heating bills for this winter will be very sobering, especially if we get a sustained cold snap and a spike in oil to $50 or 60. Just remember, the current spike in energy prices is directly related to the reduced drilling and exploration when oil was $10-15 just a short while ago. The current high prices will/are bringing additional drilling which will lead to more supply next year or so. The oil biz always has, and likely always will be subject to wild swings. I use an overall approach to investing. There are many factors at work. The US economy is very strong, but likely to be heading for some form of slowdown, perhaps approaching a recession. The stock market may well be predicting that right now. Interest rates are likely to soon be last year's concern, the current and future ones will likely be energy costs and recession. There remain too many investors out there who think this whole downturn in just a disturbance. This is a double edged sword: one school of thought says that a true bear market or correction cannot end and reverse until investor sentiment changes. On the other hand, the continued inflow of money into mutual funds via retirement plans and systematic investing is providing a continue flow of new money that is, in itself, a very powerful positive force. Crystal ball: the NAS needs to successfully retest this 3600-3700 area, or we will almost surely see 3200-3300 again. One caveat, the NAS, be it the composite, or the 100, are chock full of mega cap tech stocks that are sucking bottoms: msft, wcom,cmgi etc, and many stocks that are going nowhere or currently trending downward: csco, intc, etc. good luck to us all. larry

To: chartseer who wrote (24387)	9/19/2000 9:02:08 AM
From: Susan Saline	Read Replies (2) \| Respond to of 53068

the august rally was a good predeterminer (is that a word) for looking forward to our Oct rally. Those stocks (which we all follow our own set of) which rallied into the end of August They have (most) all taken hits since the 1st of sept. Those are the stocks that will excede expectations into the end of January. Those that showed few if any gains in the last 3 weeks of august ... are stocks some may wish to review for tax losses as they would have shown to be weak in a rally time, and not be expected to rally into the end of year. SOME my current favs include BVSN KANA VNTR NEON ANAD these rallied handsomely in August and most are at/near double bottoms from a couple months ago. All are ghastly oversold on one year charts carpe diem p.s. chartseer, thank you for your continuing chart reads. am glad you are back