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

To: Uncle Frank who wrote (17709)	11/18/2000 7:59:55 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

Frank, without going into much detail on specific numbers I think we are just about done with the second painful downleg correction first leg was painful and swift in March-May second leg eroded psychology since it was painful and slow in Sept-Nov I regard this y2000 correction to be the much awaited profitaking after a bull market for five years Stockhouse.com put it well watch for lack of confirmations by key sectors last week the chips SOX did not confirm the Naz bottom of 2850 (BRCM might serve as the exception) I think FiberOptics might also be refusing to confirm Stockhouse expects the Naz low retest to be completed at the end of November maybe room for a brief reflex election rally, maybe not end of bull? I doubt it more like the beginning of a sustainable new moderate bull one lasting at least a year for starters fwiw/ Jim