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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (5335)	9/24/2001 2:54:26 PM
From: Chip McVickar	Respond to of 8150

Apparently Big Institutional players were agressively selling their holdings last week breaking away from the longterm "holding-hopefull" pattern seen over the last few years. Also the international players were selling hard into the fire storm. This has all the marks of capitulation and fear. I'm Hopefully Long until the Bradely on the 27th and the other Bradely on the 2nd Oct. Look and see what happens at each of these points. But GZ's monster rally maybe a nip and tuck head fake move higher. We'll have to see if higher lows and higher highs can be sustained. This is a traders market and gains will be sold and bought back again for quite some time. Buy and hold should be something of oxymoron for quiet some time. A cruel-kindnes kind of butchery. ~~~~~~~~~~~~~~~~~~ WALL ST WEEK AHEAD-Modest patriotic rally seen, trade jittery By Chelsea Emery biz.yahoo.com NEW YORK, Sept 23 (Reuters) - Wall Street may see a modest patriotic rally this week as long-term optimists step in to scoop up bargains after ferocious U.S. attack-related selling forced the blue-chip index to notch its biggest weekly loss since the Great Depression. Large institutional money-management firms dumped stocks last week, sending benchmark indexes to three-year lows, on concerns about the costs and casualties of possible military retaliation for the deadly September 11 attack that leveled New York's World Trade Center. Wall Street also worried corporate layoff announcements boded poorly for future consumer spending and the economy. But analysts point to the long-term benefits of interest-rate cuts, tax cuts and government spending as reasons buyers will pony up to stocks in coming days. ``There was a lot of bad news last week and we saw panic selling,'' said Peter Gottleib, who helps manage $500 million for First Albany Asset Management. ``But I think we'll start to see a bounce here. We'll see people willing to take the long-term perspective and come in and get some values.'' ...