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To: 16yearcycle who wrote (55326)5/5/1999 11:31:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Panic buying?! Who knows. Nas wants to see 2400 pretty bad. Maybe then. This is
happening in the face of csco e which is weird. The rules are being bent a little. 2260
would be the nas low for the year and a 15% correction. Often times when 10% is
pushed thru, you get a fast drop to 15%. So we either rebound between here and about
2390, or it gets really ugly for about a week and then "panic buying" sets in.


Gene,

I would not call it panic buying but it does appear money started to flow back into the maket about five minutes ago.