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

To: KevinThompson who wrote (38208)	10/12/2000 3:58:10 PM
From: maverick61	Respond to of 57584

Kevin - my thoughts. I posted these somewhat a bit earlier in the day - but if tensions in the middle east, a DOW drop of 380+, following the 4th highest volume day in NAZ history, with another 2 Billion+ share day today can't drop us lower than we are - we are NOT, IMO , going to see any climactic selloff resulting in a V bottom type selloff / recovery. We have been capitulating for 6 weeks - its just been all spread out and not occurred on one day. I was tempted to commit big to the market this afternoon - but I also feel we may get a gap down tomorrow when folks get home today and see the market results - and those left to panic sell will do so tomorrow at the open. Then the question becomes - do I go long tomorrow on the gap down - or wait until Monday - because who knows what uncertainty the weekend may bring. Still haven't decided that one - but I do know many of the best buys I have made over the years have been in similiar circumstances in October. Finally, its just my opinion that all those looking for a V bottom will be looking for a long time. Actually hope I am wrong - as it would make life a lot easier - since a V bottom is real clear and would bring money back into the market Only time will tell for sure