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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (2737)	11/4/2000 7:06:11 PM
From: Robert Rose	Respond to of 57684

i was trying to be cordial and at the same time express my view of the market and even my personal perspective in that regard.

To: Bill Harmond who wrote (2737)	11/5/2000 2:40:52 AM
From: fedhead	Read Replies (3) \| Respond to of 57684

What the heck happened to Rambus ? I thought INTC was dropping them. The action of the biotechs the most speculative group in this market is making me bullish. Most of the biotechs have decent sized bases and are breaking out and the leaders like MLNM, MYGN etc are hitting new highs. Plus as you rightly pointed out the number of new lows did contract in the previous retest. All we need now is a blowout quarter from CSCO with good guidance going forward and a Bush victory. (I think the thought of all that social security money going into private investment accounts plus a tax breaks could be the catalysts we need to put this rally in a firmer footing) The concerns I have is that the job reports indicates that the labor market is still tight and Greenspan won't be in a hurry to loosen rates plus the widening credit spreads could lead to some unexpected blowups and of course the oil prices could spike up again. Combine this with the complacency that still prevails in the form of low put/call ratios in spite of the NAZDAQ having come down over 30 % and you can see why I am not firmly in the bull camp yet. Anindo