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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (14326)	11/15/1997 10:35:00 AM
From: Paxb2u	Respond to of 50167

Steve, Where do you see the resistance level? Thanks, Peter :o)

To: MonsieurGonzo who wrote (14326)	11/15/1997 11:13:00 AM
From: Elllk	Respond to of 50167

Steve Your scenario sounds right to me. Larry

To: MonsieurGonzo who wrote (14326)	11/15/1997 12:11:00 PM
From: Riskmgmt	Respond to of 50167

I would like to think this will happen, Ray - but my gut tells me we have one more down-wave to go. The rally up to DownTrend will stall and then fail, devaluing most techs down a further -20%. The economic rationale for this will probably be either - the Japanese crisis or, recognition that "benign inflation" is, in fact, deflation. Steve: Wow 20% more down on techs : thats about $62-$63 Intel from it's current $78 and Sun Micro at $26. If, you are right there is going to be alot of margin calls. You don't think that sentiment has changed then? You still think there is more fear present? We will see. Thanks for sharing,( I think <G> just kidding) Ray