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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (37282)	10/3/2000 4:27:15 PM
From: john722	Respond to of 57584

Rande. Interesting Chart Here. Notice the MA where the Naz bounced in May (at the last bottom). It's the 360 day MA and the Naz is right below it at today's close. Do you see any significance. Thanks in advance. Will check back in the a.m.. Time to go see Miss Saigon. bigcharts.com

To: Rande Is who wrote (37282)	10/3/2000 4:45:08 PM
From: Paullie	Read Replies (1) \| Respond to of 57584

Don't forget AMD - held up well past couple of days, and IMO AMD will meet or beat expectations next week. I also believe that the street will recognize AMD's growing presence in the semiconductor world. Paullie

To: Rande Is who wrote (37282)	10/3/2000 4:59:08 PM
From: Mark Konrad	Read Replies (2) \| Respond to of 57584

No shorts for me...still think we're closer to a bottom than a top but I was dead wrong about this morning being the bottom (obviously). Sold some small losing positions (DCLK and NEON) before the big wave hit and just before Schwab's servers went awol. Got a "live" broker by phone as the market was closing...too late. Fortunately I still had a few winners (not many) on the day to help offset some of the losers. That's the best spin I can manage right now. I don't know if we'll see 3200 or lower but I now believe it's at least possible. My brain keeps saying, "strong non-inflationary economy, stable interest rates, election year, new economy, yada-yada-yada..." But the market emotions are becoming the opposite of irrational exuberance...freight trains DO run in both directions, don't they? And almost all my charts keep showing the same miserable downtrends with support point after support point giving way to lower lows. Agilent and SPWX are exceptions and there are a few more... Potential bright spots: George W. "wins" debate tonight and/or actual earnings come through less "bad" than expected sparking a relief rally. Otherwise, more general bloodletting is probable and will continue...."a market in decline tends to remain in decline until acted upon by an opposite force"-Inertial Law of Stocks. All in my battered opinion, of course...geez, and it looked like such a nice day...techs were up, birds were chirping, fewer-than-normal gunshots and screams from the Hollywood freeway.....--MK--