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To: bambs who wrote (40272)	9/29/2000 9:13:52 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Not only that, but as another poster pointed out, if MSFT disappoints, look out below. I am not too frightened by this prospect, because I think we will all get a prime buying opportunity once again. But if MSFT goes down, you can rest assured the broader market will too.

To: bambs who wrote (40272)	9/30/2000 5:06:17 PM
From: Gabriel008	Respond to of 77400

I believe we saw the bottom last Friday, the day after the INTC warning. And, as you recall, the Naz came back with a vengeance. The market wants to go higher and market report after report points to a very strong Q3 despite the hype we've been hearing, most notably, from the likes of cnbc. However, I do see a pullback by late October but from the 4200 range, and this will give the market the necessary impetus to take us to the 4500 range by year-end. Here's a little ditty from briefing.com who have a tendency to be more bearish than not. "Updated: 02-Oct-00 General Commentary As ugly as Friday's session was - and it was ugly - the bottom line is that the Nasdaq Composite held above the (recent) corrective low at 3622... This despite Apple Computer (AAPL 25 3/4 -27 3/4) having its stock price cut in half after the company issued an earnings warning for Q3, Q4 and FY01... The ability of the market to absorb the Apple news as well as it did (excluding Apple itself) suggests to us that the worst of the selling is over, and that the market is just waiting to go higher... All that's needed is a catalyst. While there's not much on the horizon this week to get buyers excited, warnings season will officially give way to earnings season in the second week of October... And with expectations having been severely dampened by the barrage of warnings, there is a good chance that traders will do some relief buying when the actual numbers start coming in... As always, some traders will try to get a jump on this action, so the tone could begin to improve as early as the middle of this week... Remember, with the warnings out of the way the vast majority of the news will be positive... We haven't been able to say that for weeks. Now we could be wrong... Earnings season might not provide the relief we expect, especially if companies use their conference calls to sound a cautionary tone about the future... Given recent speculation of a spending slowdown in the telecom industry, this could prove true for some of the telecom equipment makers... But the September sell-off, much like the August rally, was largely about shifts in sentiment... And with the news turning (generally) positive, the path of least resistance should be higher. We also suggest taking a step back from the day to day noise and looking at the big picture... In so doing you will see that, as we have argued for months now, the market remains in a broad trading range... The Nasdaq and DJIA are now at the lower end of their respective ranges... So as difficult as it may be to do after a nasty week like the one just completed, the favorable near-term risk/reward ratio suggests that now is a good time to start buying. "