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

To: Jane4IceCream who wrote (38607)	10/17/2000 6:28:31 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

yes I know, it will be a bargain if the market goes up soon. I am confident it will. So damn oversold it's ridiculous now. INTC numbers look good. Maybe that will stop this mass paranoia and foolishness.

To: Jane4IceCream who wrote (38607)	10/17/2000 9:10:44 PM
From: Tradelite	Read Replies (1) \| Respond to of 57584

re: "bargains" No bargains until the market psychology changes. Good earnings don't count, intrinsic value doesn't count. Time is the only thing that will heal these wounds and that could be a while. I'm personally not counting on a true recovery in my portfolio for many months. Have a friend who took an awful big hit on AOL today---that was amazing to me, because AOL has stayed above 50 for a very long time. Spent time tonight listening to a radio tech analysis seminar by a Legg Mason VP---he said to beware of any rallies in next few days....fibonacci tech analysis indicates there will be a retest of resistance highs and then another leg down before things improve, perhaps at end of month, but definitely NOT until "market psychology" improves----and I assume that means CONFIRMED upward movement, not fits-and starts to the upside. When asked about specific stocks, he said charts show WCOM could go as low as 19 before recovering....INTC could break resistance and go lower, too----and he said he hoped INTC would NOT do this because he owns a ton of it.