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

To: Voltaire who wrote (20433)	11/29/2000 9:47:06 AM
From: jcky	Read Replies (2) \| Respond to of 65232

Voltaire, Al Gore will not concede until he has exhausted all his legal options or until he has won the election. It's not really that hard to see. On a side note, the Nasdaq will test the 2500-2600 level. It's a given. The only question is if that level of support will hold. Cisco really needs to let go of $50 and see some serious selling before this market can bottom. The Big Boys are doing every one a disservice by holding up Cisco artificially. When will those fools ever learn? There's still too much complacency among investors (both institutional and retail) as most contrarian sentiment polls still show bullish sentiment. This is not good for a sign of a market bottom. Hint: Stay away from the financials and the brokerage firm companies. There is going to be some major pain coming in that sector in the months to come. I wonder if Abbey Joseph Cohen is going to call another the "market is 15% undervalued" hype again to help her brokerage firm. She's just a tool being used by the Big Boys. I don't know why retail investors can't see that. Regards,

To: Voltaire who wrote (20433)	11/29/2000 9:55:38 AM
From: limtex	Read Replies (2) \| Respond to of 65232

Vol - I hope you are right but its the last hour or so when people start the massive selling waves. There is nothing, absolutely nothing to maintain the market at anywhere near these levels. You need keen buyers for that, lots of them and fund managers and institutions. Is there the least sign of these guys buying at the moment? Isn't it the case that they are getting out wholesale? Furthermore ordinary people are getting scared stiff and dumping just to be rid of the daily reductions and that is inncreasing. This morning on CNBC some manager who says more or less no chance of the Fed easing. He said unemployment was what they reacted to and not much else. No Fed then down we go. Best regards, L