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To: The Duke of URL© who wrote (85576)	10/13/2000 3:51:07 PM
From: Bosco	Read Replies (1) \| Respond to of 97611

It appears that instead of a Friday end of session sell off, there is a lot of short covering... I think today is a bullish engulfing day, which will essentially nullify yesterday collapse. A confirmation on Monday is required though best, Bosco

To: The Duke of URL© who wrote (85576)	10/13/2000 4:54:09 PM
From: Seamus McKenna	Respond to of 97611

>>>Could be that if everyone "knows" that we are in the October Slump then "everyone" may have figured out that they should not wait for the extra 15 days...a sort of Manifest Destiny kind of thing. Interestingly, in "A Random Walk Down Wall Street", Burton Malkiel makes this very argument. I have the book but I cannot find the reference so I have to go from memory. I believe he says that if a lot of investors are expecting a pattern to repeat itself, then it will come earlier and earlier each cycle for a while as each individual tries to steal a march on the rest. Eventually this will become unsustainable and the pattern will cease to exist.

To: The Duke of URL© who wrote (85576)	10/14/2000 9:29:40 PM
From: profile_14	Read Replies (1) \| Respond to of 97611

Duke, yes impressive, but we've had equally impressive downside moves -- strung back-to-back, that brought us here from 35. Although we made most of the moves to the downside on low volume, I still believe that with the stock not far from where it was a year ago, possibly some aggressive funds will switch out at the end of the month and buy something else, so I think that despite earnings, the real move will come at the last week, depending on the CC story. My portfolio sure needed the boost, but I am really looking for something 10 points higher and then some. Friday's move was great, but the markets were all on fire. The momentum has to change and the perception along with it. As long as the turnaround story takes hold after the Q3 CC, we should be in good shape going forward. Kinda scarry week. Thank goodness I did not have margin in play. Best regards and have a great weekend,