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

To: Tradelite who wrote (47189)	2/14/2001 9:37:03 PM
From: Tradelite	Respond to of 57584

The TA analysis I listen to twice a week (from a VP of Prudential Securities) last week predicted today--Feb. 14-- would be a bottom. And of course his TA changes every day. Last night he said today would be "very interesting for the semis"----it certainly was. Tonight, he said "we're OK but we're not there yet." Which means more potential downside but chances for good upside. And if the DOW hits a little above 11,000 and stays there at 4 p.m. someday soon, it has a chance to make a powerful move up. He also noted that the S&P 500 is still in a down channel but the decline line is moderating, which is bullish. Meanwhile, based on what he said and what I am observing in my quest to open up long-term positions in index-type stocks trading on the AMEX (while forsaking forever any and all taxable mutual fund investments).....midcaps and smallcaps are the place to be for 2001. And it's way too late to get in if you are a bottom-fisher. My opinion based on hearsay and personal study and observation, of course. Also, all you QQQ-watchers.....look at XLK...more diversified because it includes some tech stocks traded on NYSE, not just the NAZ.