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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (27257)	12/12/2000 12:43:24 PM
From: chartseer	Read Replies (1) \| Respond to of 53068

ANAD: Classic Big W double bottom chart pattern, my favorite. New uptrend started and moved through Bearish Resistant Line. This will tell a PnF chartist that this chart should be bought. Breaking of the new Bullish Support Line will trigger a sell. More upside potential than downside risk according to the PnF chart. Not fair touting something you do not own so I bought a few hundred to put my money where my mouth is. then again what the heck do I know? chartseer

To: Larry S. who wrote (27257)	12/12/2000 12:47:37 PM
From: DanZ	Respond to of 53068

Yup, like I posted the other day when INTC moved higher after hours despite their warning, in all likelihood the market has bottomed. I expect the Federal Reserve to at least move towards a neutral bias at the next meeting, if not towards an easing stance. I think that the market will move higher in advance of a change in the Fed's policy, and the bond market is signaling lower rates ahead. If enough people think the January effect is coming, it could happen earlier. INTV may not have made the list of Prudential's 20 best, but I think it is also a candidate for a bounce. They own options to purchase 750,000 shares of SPWX, which currently has a market value of $43 million, down from a market value of nearly $100 million a few months ago.