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To: Chip McVickar who wrote (214)	11/15/2000 1:35:32 PM
From: Patrick Slevin	Respond to of 12411

Yes, I saw her post earlier and did not know what to make of it. Just goes to show that different people look at charts differently. I like El Bondo myself. I had an Intraday Target of 100^14. Something I just read from L. Borsellino's analysis. ----------------------------------- Overall market view: No doubt if the NASDAQ traded alone -- by itself without the Dow and the S&P -- the NASDAQ would be in a bear market, and it's anybody's guess how long it would take to come out of that bear market. That's really not surprising, given the move that the NASDAQ made from 1998 into 2000. For the past 3 months, the S&P has teetered back and forth in a range that's neutral to a little bit bullish -- even though we're down on the year. The Dow, meanwhile, is in a bullish mode right now. Out of the three it's the strongest. That indicates to us that this market has not been overshadowed, yet, by mutual fund redemptions by individual investors. Rather, what we've seen is an outflow of money from the techs into companies that were shunned all last year -- the Old Economy stocks.... The cycle that's happened since March is that we've been able to rally from lows, but not sustain the rallies from highs. The overwhelming influence has been the NASDAQ. It's dragging the other indices down, but there has been some bottom-fishing in the NASDAQ as well. What we're seeing is the war between Old Economy and New Economy stocks. Eventually, there is going to be some sector within NASDAQ that will break out and show that growth potential is more important than current revenues/earnings.