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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: mtnlady who wrote (8139)	10/16/2000 12:49:07 AM
From: Ruffian	Respond to of 65232

To: marginmike who wrote (4992) From: J.T. Monday, October 16, 2000 12:34 AM ET Reply # of 5002 mike, most of the technical damage is basically over and it is time to play long into early December... My target was NDX 2,750 intraday low before any hard bounce but with Thursdays record high p/c ratio followed by Friday's hard bounce into still high p/c's... I find it hardly convincing we are going to this 2,750 level... If we do buy it up on Q...We hit an intraday level of NDX 2,990 Friday morning after Thursday low of NDX 3,000... This bottom double test suggests the lows are in and buy any pullback... One alternate scenario... we gap up tomorrow and run into resistance at NDX 3,420 (raised from 3,350) intraday high and then head back down to NDX 3,180 and then take off... INTC reports on Tuesday after the bell... I am confident they put out their profit warning #'s low enough to hurdle over...1/3 the DOW indices report this week... Buy your Q shares back you make the most when the pain to stay the course is the greatest ... you know it well... Best Regards, J.T.

To: mtnlady who wrote (8139)	10/16/2000 2:38:36 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

Naz will not get lower because Q4 is set to be strong inventory levels are low, and will be replenished labor is perking up, not falling off from a slowdown and consumer spending has turned up Naz wants badly to rally from these wicked oversold levels I expect it to rally toward the shorterm moving averages then it will probably come down by then it might be clear that Q4 is to be sufficiently strong until the MA's have flattened, a true bottom cannot be built they aint flat now, but next time down they will be flatter my main concern is past economic data spooking the market like the Q3 GDP out in late October that is where the incompetent chorus of economists will grab the limelight if past is prologue, that is where they will be LOUD WRONG Naz has twice now enjoyed an electric response from 3100 levels once in May and now once in October the more electric, the more difficult subsequently to break down a very significant new catalyst would be required like a new gulf threat, a collapse of Europe, civil unrest in the US, yet another Fed rate hike just thoughts from a jackass in his undies scratching avidly / Jim