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To: IQBAL LATIF who wrote (33840)	9/30/2000 8:04:03 AM
From: David Smith	Respond to of 50167

FLMK breaks out to a multi-year high on good volume on a bad market day. This is one of my top small-cap picks for the fourth quarter and next year; very interesting company. Keep MEDM on your screen also......

To: IQBAL LATIF who wrote (33840)	9/30/2000 10:24:56 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 50167

Morning Ike as usual you always seem to calm the thread and bring it back toward the middle<G>.. i shall refrain from my daytrading exploits here<VBG>.. i am having fun, and doing well... let's talk about the markets... As i think about where we are in this moment in time, just ahead of earnings season, the FOMC etc..i can visualize a potential run up in front of these earnings "in the hope" they'll be better than street expectations..???? when in fact i feel they will be worse than anticipated, and a lot of co's will warn about the next quarter as well.. however..if we look at INTC...this in fact may be a good time to start a small, say 1/3 or 1/2 position here, in advance of that earning report.. and here's why...the stock and sector are both very oversold...so if we rally a bit in front of earnings, and INTC moves back up in a dead cat type bounce..when they report, the stock may in fact move back down to this level anyway again..forming a double bottom area here... or???? they may make a higher low, and begin to repair the damage already being discounted in the price... i would consider that the risk reward is ok right here... we all know that OCT will be sideways to down for the most part..as we hit my pre announced areas of resistance last thurs in one day???...we then broke to the downside unable to pierce the downtrend line in many indexs... so we are in a downtrending channel here, making lower tops and bottoms..till it stops... in essence what i am saying is, that traditionally the period from Apr to Oct is almost over, and the Nov to Apr period is near...always a good time for the markets to move higher just when everyone is crying CRASH!!! so those of you that wish to nibble here go ahead...carefully and thoughtfully... as i looked at the indexs... DOW=if we break 10,550 we head for 10,350/300 good support there..10,900 would be a nice breakout to the upside... NAZ=a break of 3600 would probably take us to 3250ish... SPX=1415/1410 breakdown would bring us to 1380ish...and 1465 would take us up to 1480 where the Bearish Resistance line is moving lower here..i do not think we'll break thru that number on the upside.. OEX=this index hit the downtrendline right on the button and reversed...if we break 754/750 we go to 725 and lower right away,,, NDX=3500 would be a quad bottom breakdown & we'd head to 3350/3150ish...and i see the Bearish resistance line is also moving down here at 3750..which would be hard resistance on the upside..i doubt we break that number... last is the bonds...the Point and Figure DJBB bond index has reversed down right here..a negative for interest rates...we have a double bottom at 95.2 on this index..the sell signal would be 95.0..that would mean to me that interest rates would rise above 6% substantially... a major negative for the markets.. if in fact this index continues to move lower Ike, all long bets are off..ALL....what with the slowing of this economy for real or perceived, any spike in rates would crash the markets imo... and some indicators like GDP at 5.6%, the empl#, consumer confidence and spending, suggests the eco is going full blast...the FED may not be done yet...i see no reason for them to move toward neutral here...so this indicator the DJBB is signaling "Caution" on rates just ahead.. so just some musings on this Sat morning here in Philly.. hope your well...please send my warmest regards to the family.. as always..i remain Uncle OJ

To: IQBAL LATIF who wrote (33840)	9/30/2000 12:22:28 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 50167

Hi Ike, Your post is articulate and your point is very well presented... much like OJ, I will try to keep my exhuberance to a minimum... and if I do make a comment about market direction, I'll try to offer a reason for the comment... Have a great weekend... Best Regards Always, GZ

To: IQBAL LATIF who wrote (33840)	9/30/2000 2:09:07 PM
From: Jill	Read Replies (1) \| Respond to of 50167

Beautiful post, Ike.