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

To: Boplicity who wrote (20884)	11/29/2000 9:57:57 PM
From: stockman_scott	Respond to of 65232

Some interesting indicators....fyi... <<...A report from liquidity tracker TrimTabs.com on Monday estimated that as of last Wednesday, the average stock fund's cash stake was at 6.5% -- a level not seen since November 1997. If the firm's estimates are accurate, U.S. stock funds have taken in $122 billion in fresh money since March 31, but nearly half has stayed in cash. The upshot: As U.S. stock fund managers sold stocks and banked checks from investors, they haven't been in any rush to put that money to work in a sagging market. That may portend a strong rebound for stocks once fund managers decide it's time to plow that money back into the market...>>

To: Boplicity who wrote (20884)	11/29/2000 10:21:14 PM
From: HairBall	Read Replies (2) \| Respond to of 65232

Gregory M: I really don't know where the bottom will end up. I suspect we will see an overshoot on the down side just like we saw on the upside. I expect we will see more than one capitulation event. The first will be considered by most to be "the" bottom and will be followed by a strong counter trend rally. I will have to see how the above plays out before I will venture a guess as to how low the next leg down will slide. I think the NAZ will find its first bottom within the 90 Rising Trading Channel, maybe at the support band. I think the following rally will be contained with in that channel as well. If I am right, the 74 Rising Trading Channel "may" come into to play in the next leg down... Regards, LG