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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (2323)	10/19/2000 7:58:13 AM
From: Jim Oravetz	Read Replies (1) \| Respond to of 2882

Yes, investor sentiment is lousy. FWIW, I caught a little NBR(http://www.nightlybusiness.org/) on public TV last night. Here is the transcript from part of an interview: 10/18/00: Market Mayhem-The Tech Prospective SUSIE GHARIB: More now on the outlook for the markets from a technical point of view. And joining me live is our colleague from BridgeNews, Michael Kahn. He is Chief Technical Analyst. Hi, Michael. MICHAEL KAHN, CHIEF TECHNICAL ANALYST, BRIDGENEWS: Hi, Susie. Good on the back. GHARIB: All right, you heard what Gail Dudack said, she said she doesn't think that the worst is over. What do you think from a technical point of view? KAHN: Well, I think I'm in agreement with Gail. I've been looking at the market and the question is, is this a bear market. And I think the answer is yes. It's hard to say it's a bear market while you're in it. But if you just look at the percentages, the Dow down 12 percent, NASDAQ down 25 percent in just a few months, those are bear market numbers. GHARIB: The Dow down 12 percent is considered a bear market? KAHN: Well, 10 percent is a correction number and then past that, you know, you have to look at a little worse of a market. But I define a bear market as how the individual stocks are reacting to news. And as we've seen over the last few weeks, bad news is getting stocks killed. And even good news they're getting hammered. So in a bull market, bad news is tolerated. In a bear market, even good news is not tolerated. +++++ Most of the selling pressure is coming from mutual funds - Oct is the end of the Q. Managers are looking to take some tax losses and to firm up cash positions in case things get worse. Jim