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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: DOUG H who wrote (1288)	8/30/2001 4:22:06 PM
From: Boplicity	Respond to of 8752

I have no idea, but would that keep from making something up? NO! <g> I don't think the players from April are worried about not have others in areas they didn't buy in, providing support, they are worried about the here and now. B

To: DOUG H who wrote (1288)	8/31/2001 1:15:42 AM
From: Boplicity	Read Replies (2) \| Respond to of 8752

What's worrisome about the selling now is companies have reduced inventory, workforce, and lowered their cost. What more can they do? Merge and consolidate, but that's not happening yet. Not too long ago, companies paid billions for companies, now they are laying off people and writing down billions, but we still have too many companies addressing the same market. We have reduced rates , lower taxes , even sent out rebates and SUNW, ORCL, and EMC all are below their April Lows, even after all that. EMC did it on gap awhile ago, SUNW just gap below it's April low today, both I consider the action in as the harbingers to come. So, I think we are in for more selling then people realize! I'm getting pretty bearish, that's normally a good sign of the market getting ready to bounce. But the bounce will only delay the needed retest. The market needs to prove it has enough support and sideline money waiting to come in. A successful retest will be just what the Dr. has order. b-> wishing for a retest and nothing more, but fearing the failure of the retest.