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To: fedhead who wrote (32446)	10/30/2000 6:50:17 PM
From: robnhood	Respond to of 436258

Yeah, we're setting up for a rally, just like NT was a few days ago at 105 Cdn. Ho ho ho

To: fedhead who wrote (32446)	10/30/2000 7:06:41 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

frankly, i don't think so (market looking that far ahead). tech rally? perhaps...but it would be a bear rally, as the valuations continue to be excessive. what's more, the whole 'bottoming process' was just too bland and easy...this whole "October's over, let's party" shtick has me extremely suspicious. commercials still net short a record amount of spoos as per last Friday's CoT.

To: fedhead who wrote (32446)	10/30/2000 7:16:03 PM
From: RocketMan	Read Replies (1) \| Respond to of 436258

I am wondering if we are setting up for a huge tech rally. I think we will get a large rally beginning late next week, after the elections. Not only from removal of the election uncertainty, but also from the funds investing and trying to earn their bonuses in the first quarter, just as they did last year at this time. And don't forget, historically the markets are bullish for the honeymoon phase of a new president. Whether high p/e techs will participate I don't know, but if they do they will give it all back and then some when the recession begins.

To: fedhead who wrote (32446)	10/30/2000 7:34:11 PM
From: robnhood	Read Replies (1) \| Respond to of 436258

From Fleck's column tonight. << This year we've already had seven of the eight biggest Nasdaq rallies of all time, and yet the Nasdaq is still down more than 900 points on the year, or roughly 23 percent. >>>

To: fedhead who wrote (32446)	10/30/2000 8:51:03 PM
From: LLCF	Respond to of 436258

<. I am wondering if we are setting up for a huge tech rally.> I wouldn't bet on it, but it wouldn't surprise me either... it's that time of the year. DAK

To: fedhead who wrote (32446)	10/30/2000 8:57:10 PM
From: RocketMan	Read Replies (3) \| Respond to of 436258

I think the market looks so far ahead these days that it is already looking past the recession and the coming boom after that :-). The Naz is down what, seven of the last eight weeks? This is not normal, even in a bear market. Nothing goes straight down. I am looking for a major rally developing here, probably late this week and through the elections. A rally that has legs, through the end of the year. After that, it's time to go short. The only problem with this scenario is, there are too many looking for a year-end rally. OTOH, there are also too many bears looking for a BK before the end of the year... never happen.