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To: Rob S. who wrote (16440)9/8/1998 9:18:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
I think we will see a stronger move up than many expect but that it will be followed by
another round of selling within several days. The secondary/small caps that have been in
a true bear market for some time and many of which are fundamentally cheap and have
excellent earnings and sales growth prospects will rebound more than most of the


Rob,

I suspect there is still too much fear. I anticipate a lot of profit taking tomorrow and the market to move down slightly. I agree todays move was broad based but feel the catalyst was not enough to carry through tomorrow.

The market statrted strong based an Greespan and started to sell off a bit mid afternoon. The later afternoon very strong rally was short covering in my opinion. The last 1/2 hour became panic buying.

Glenn