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


To: McNabb Brothers who wrote (8422)10/17/2000 10:48:39 PM
From: Venkie  Read Replies (1) | Respond to of 65232
 
Yes we will selloff in the am but rally for the day.We hv been beaten enuf and we will get a bounce. We may go lower but we will kick and scream. We are looking for some leadership.



To: McNabb Brothers who wrote (8422)10/17/2000 11:20:13 PM
From: Boplicity  Read Replies (1) | Respond to of 65232
 
Like Donnie said, We are looking for leadership. It's question of the market accepting the change that is happening. The way I see it is that it will be hard for the market to push aside the big multinational high-tech firms and isolate what's happening with them and come to the conclusion that the new guard is largely unaffected and can prosper by some magic route around the same problems the are facing the larger high-tech firms. So, more dust needs to settle before the selling has been cleared out.

Correct my if I'm wrong. You argument is that the selling is largely finished already, and the market is ready to acknowledge that the old generals are going to rest now, while the new ones will be able to navigate through a slowing worldwide economy. Is that correct?

Greg