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

To: Rande Is who wrote (51450)	5/11/2001 10:57:52 AM
From: ALTERN8	Respond to of 57584

I'm not so sure that we'll test the April 4 low but I do feel that short term COMPX 1900 is doable. Regards, Pierre

To: Rande Is who wrote (51450)	5/11/2001 11:19:20 AM
From: James C. Mc Gowan	Respond to of 57584

Rande, just a note to give you some encouragement during your recuperation. I personally and professionally agree with going slow, taking the conservative care route by all means, to address your injury. It's tough now, but you'll get through it. Take it easy and turn off the brain/computer and give yourself a well-deserved rest. You'll be back on your feet and feeling better soon enough. Regards, James P.S: site is shaping up nicely.

To: Rande Is who wrote (51450)	5/11/2001 8:17:12 PM
From: Joe Smith	Read Replies (1) \| Respond to of 57584

Note that sentiment has changed markedly where good news for the economy is bad news as rate cut watchers predominate. We are following the pattern set in January/February/March to a T. Now all we need is the let-down after the Fed meeting , with slow momentum after a .5 cut or quick momentum after a .25. There really is no reason to believe that this will not be a repeat of the February/March selloff. The question is how sharp. Will this wave be even bigger? The sell-off following the January rally was the biggest yet. Such a wave could take us below 1400. Or will it merely be a garden variety 35% sell-off that we keep seeing, taking us mid 1500's, or just a re-test at 1600? Finally, perhaps we finally will have a double-bottom that advances from the previous low to between 1800 and 2000. My own opinion is that technical analysis just gives us these myriad possibilities to look for, but it will be the news and the fundamentals of the companies that come out over the next two months going into July earnings that will decide what May and June have in store. My own impression is that maybe things will turn around a bit with the easy money and we will bottom in the 1800's. But, I may be living in a fantasy world and we have yet to see the full ramifications of this recession. If a lowering of GDP to 1% can bring the market to its knees, what would a real contraction do? Look out...