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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (46518)	2/2/2001 1:06:46 PM
From: American Spirit	Read Replies (3) \| Respond to of 57584

Naz testing 2700, successfully so far. Let's hope that there's a nice bounce off it next week. Being a Friday most would rather error on the side of caution. I can't think of any other tech leaders which haven't warned or been cut down already. This earnings season has been brutal but will soon be history. All piced in but human emotion tempts one to sell into weakness and buy into strength. Resisting those impulses makes for smart trading. Just glad I sold by CMTN at the high the other day. But am pissed about the 1% VZ downgrade which is really unwarranted. The crime is it brings in shorts screaming for a 20% drop. They are wrong of course and a buy signal in themselves but annoying nonetheless. Meanwhile we are seeing stocks settle at their bases thereby providing good bounce opportunities for the near future. Looks like the Fed will have to continue cutting sooner than later though. Another 1/2 point rather than 1/4 point until the doom and gloom washes off for good and everything stabilizes. Greenspan knows what he's doing I believe. Nothing to stop him from cutting again, even next week.

To: Rande Is who wrote (46518)	2/4/2001 12:27:35 AM
From: Mike M	Read Replies (1) \| Respond to of 57584

Some stocks look like they concluded a 4DML Friday: ORCL for example. CSCO, on the other hand, looks to complete on Monday. Monday should attempt to rally, but may fail. This would portend that some stocks like ORCL could outperform.

To: Rande Is who wrote (46518)	2/5/2001 8:49:16 AM
From: Mark Konrad	Read Replies (1) \| Respond to of 57584

OTThanks, Rande. Spent the weekend going through and packing up decades of accumulated belongings for the family member I mentioned. My "best laid plans" for redrawing all the "Bonehead" charts went completely awry! Trying to catch my breath now as rain/snow pour down in St. Michaels, MD, before heading back to the Germantown/Gaithersburg area today or tonight. Meanwhile, friends tell me it's in the mid-80's in LA...can't wait to get home next week! Though I don't see the market crashing back to December levels, I do think the next leg up will be slower and not nearly as exciting as what we've seen in January. CSCO may give us a clearer picture tomorrow; we should see a turn in larger cap techs by midweek. JNPR should hold 90-100, for example, and begin a move from there (imo). I'm borrowing a generous friend's phone line this am...will try to keep up throughout the day. Best Regards, Mark Konrad