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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Lane Hall-Witt who wrote (117515)	11/29/2000 11:16:24 AM
From: KevinMark	Respond to of 120523

Not solid, but a temporary stopping point, then a possible bounce to 2800, or possibly 2850. Then more selling into the weekend. VIX is still looking to break out, and next week, I think it just may.

To: Lane Hall-Witt who wrote (117515)	11/29/2000 11:20:27 AM
From: Dave Gore	Read Replies (2) \| Respond to of 120523

Lane, let's be clear - 2680 is only being called probable temporary support TODAY. I think with the 2 relatively positive events today (Gore's near-concession and the slower GDP growth), we could get a TEMPORARY rally. It's very possible that either the COMPX may stay positive the rest of the day and into tomorrow or we may retest 2680. IF we do go lower and bounce off 2680 and start to rally around the 3:00-3:30 reversal period I think we could have a TEMPORARY rally to near 2900-2980 (in the next day or two). We could rally near there anyway, even if we don't retest 2680 later today, but all I was saying is that I would feel safer committing more $$$ to the market if it did retest 2680 today and then bounce strongly. Then tomorrow we analyze the major or minor news events and re-assess whether they are positive or negative. But today they are mildly positive and I feel the market relaxing a bit. PS- to get back to 2980 tomorrow or later this week, we would need another strong catalyst or two tomorrow. So again the rally may certainly fall way short of the 2900's. Each DAY's mood has to be analyzed seperately. Things could change totally after the close (again) LOL!