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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (33535)	9/22/2000 6:10:51 PM
From: Peace	Read Replies (1) \| Respond to of 50167

OJ, I am not afraid of a retest. If there is one we'll handle it well. Think of it OJ, since the April/May lows we have handled bad news from the likes of Nokia, Lucent, Microsoft, Dell, Intel not to mention of scores of big old economy companies. We had to deal with the fed, energy prices, overheating economy and a scarce labor market. The markets have managed to overcome all this. The April/May correction was inevitable given the runaway market we had in winter/spring. For intermediate and LT investors there is nothing to be scared of here. Of course stock selection always plays a big role. We are fortunate to be living in a very exciting era of technological revolution which has only begun. 10 years from now 1420 SPX will be a faint memory. But then again some of us trade and dont look out that far. So let's focus on next week and watch that 3800-3850 area on the NDX, cause we will need to clear that area before we can attack the summer highs. Of course, I reserve the right to change my Short/intermediate term outlook anytime since I am a trader like you. <g> Peace