<---day Fifty--->

MARKET SUMMARY FOR MONDAY OCTOBER 25TH. 1999

DOW INDUSTRIAL: 10349.93 = -120.32

NASDAQ: 2815.95 = -0.57

S & P 500: 1293.63 = -8.02
MOST ACTIVE STOCKS & SECTORSInterest rates fears overshadowed the Market today. Gainers included: Amazon, AMR, AOL, AT&T, Compaq, Digital Island, ebay, General Semiconductor, Lucent Technologies, MCI Worldcomm, MidAmerica Energy Holdings, Philip Morris, Sun Microsystems, Topps, and Yahoo.

MAIN REASONS FOR ACTIVITY

• Interest rates fears clouded strong earnings report from 5 of the 30 index companies.
• Warren Buffet and his Berkshire Hathaway will own majority stakes in MidAmerica Energy.
• The European Central Bank's intention to tighten monetary policy and strenghten the Euro worried analysts and heightened interest rates hike fears.
• Since the Federal Reserve and the Treasury department doesn't have anything negative to say about the economy lately, speculators "overhyped" the market with comments from the European Central Bank.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, Sycamore Networks, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: AOL, Alcatel, American Express, Bank of America, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, Charles Schwab, Donaldson Lufkin, Legg Mason, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, John Hancock, Lincoln National, Prudential, Reliastar Financial, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, Johnson & Johnson, E.I. Dupont, Dow Chemical, Dominion Resources, El Paso Energy, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Tyco, Three Five Systems, Unisys, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• We have not seen or heard any significant economic data, or information in the past few weeks to change our outlook.
• The major Internet and Technology stocks are very much a bargain.
• More strong earnings reports will be released this week.
• The market is over-reacting to economic "comments"; Companies are reporting some of the best earnings this time of the year in over three years. We are heading into a major holiday season with strong consumer purchasing power and confidence.
• Banking and e-tailing issues will continue to look good as we head into the holiday season.

<---day Forty Nine--->

MARKET SUMMARY FOR FRIDAY OCTOBER 22ND. 1999

DOW INDUSTRIAL: 10470.25 = +172.56

NASDAQ: 2816.52 = +14.57

S & P 500: 1301.65 = +18.04
MOST ACTIVE STOCKS & SECTORS

Market rallied today. Investment and commercial banking, and insurance related stocks gained due to good news on pending legislation. Gainers included: Allstate, Citigroup, Donaldson Lufkin, IBM, Intel, JP Morgan, Lincoln National, LM Ericsson, NaviSite, Philip Morris, Qualcomm, Reliastar Financial, Studen Loan Corp., Sycamore Networks, Symbol Technology, Tyco International, and Waste Management.

MAIN REASONS FOR ACTIVITY

• Banking reform bill looking likely to pass after Congress & White house agreed on key points; Investment & Commercial banks, and Insurance stocks rallied due to the news.
• Lincoln National and Reliastar will be acquired when the banking reform bill passes.
• Good Earnings report from corporate America was the best in over Three years.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, Sycamore Networks, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: AOL, Alcatel, Allstate, Bank of America, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, Charles Schwab, Donaldson Lufkin, Legg Mason, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, John Hancock, Lincoln National, Prudential, Reliastar Financial, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, Johnson & Johnson, E.I. Dupont, Dow Chemical, Dominion Resources, El Paso Energy, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Tyco, Three Five Systems, Unisys, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Major Insurance companies will continue to do well for the next few weeks.
• Increased demand for PCs this holiday season will benefit the major PC makers.
• AOL, Microsoft, and Yahoo's strong earnings will push Technology and Internets up.
• Most analysts and investors will continue looking for bargains, especially in Technology and Internets.
• Banking and e-tailing issues will continue to look good as we head into the holiday season.

<---day Forty Eight--->

MARKET SUMMARY FOR THURSDAY OCTOBER 21ST. 1999

DOW INDUSTRIAL: 10297.69 = -94.67

NASDAQ: 2801.93 = +13.82

S & P 500: 1283.61 = -5.82
MOST ACTIVE STOCKS & SECTORS

Big Blue (IBM) pulled down the Dow index as the NYSE lost; The NASDAQ rallied. Gainers included: AOL, Aether Systems, Colgate-Palmolive, Gateway computer, Intel, Isacor, Kimberly Clark, Lucent Technologies, Microsoft, Nokia, Pfizer, Qualcomm, and Yahoo.

MAIN REASONS FOR ACTIVITY

• IBM met analysts' expectations. However, analysts are worried about future earnings due to Y2K, etc.
• Isacor is in the process of being acquired at a possibly higher price.
• Major Internet portals like AOL, Microsoft (MSN), and Yahoo gained due to the stellar performances in their category.
• M2 Money supply grew a modest $1.3 billion.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, Isacor, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: AOL, Alcatel, Bank of America, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, Charles Schwab, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, Johnson & Johnson, E.I. Dupont, Dow Chemical, Dominion Resources, El Paso Energy, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Tyco, Three Five Systems, Unisys, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• IBM is still a very good stock; IBM's possible future losses might be over emphasized for now.
• Increased demand for PCs this holiday season will benefit the major PC makers.
• AOL, Microsoft, and Yahoo's strong earnings will push Technology and Internets up.
• No major economic data is scheduled to be released for the rest of the week.
• Most analysts and investors will continue looking for bargains, especially in Technology and Internets.
• Banking and e-tailing issues will continue to look good as we head into the holiday season.

<---day Forty Seven--->

MARKET SUMMARY FOR WEDNESDAY OCTOBER 20TH. 1999

DOW INDUSTRIAL: 10392.36 = +187.43

NASDAQ: 2788.13 = +99.95

S & P 500: 1289.43 = +28.11
MOST ACTIVE STOCKS & SECTORS

The market rallied today after strong earnings reports from major Technology firms. Gainers included: AOL, Apple, Bank One, BSQUARE Corp., Cendent, Chase Manhattan, Cisco Systems, Compaq, Crossroads Systems, Dell Computer, IBM, Intel, Lucent Technologies, MCI Worldcomm, Metris Cos., Microsoft, Pfizer, Royal Carribean, Sun Microsystems, Texas Instruments, Tyco International, and Yahoo.

MAIN REASONS FOR ACTIVITY

• Market reacted to Microsoft's better-than-expected earnings.
• Crossroads systems is in the process of being acquired at a possibly higher price.
• The trade deficit for the previous period dropped to the lowest levels in four months.
• First Call's report that 65% of indexed stocks had returns above expectation, 25% within expectation, while only 10% had below expectation returns gave investors confidence.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Clarify, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: AOL, Alcatel, Bank of America, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, Charles Schwab, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, Johnson & Johnson, E.I. Dupont, Dow Chemical, Dominion Resources, El Paso Energy, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Tyco, Three Five Systems, Unisys, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• AOL, IBM, Microsoft, and Yahoo's strong earnings will push Technology and Internets up.
• The econmic data of the past few days will finally put down inflation fears, at least for now.
• Most analysts and investors will start looking for bargains, especially in Technology and Internets.
• Banking and e-tailing issues will continue to look good as we head into the holiday season.

<---day Forty Six--->

MARKET SUMMARY FOR TUESDAY OCTOBER 19TH. 1999

DOW INDUSTRIAL: 10204.93 = +88.57

NASDAQ: 2688.18 = -0.97

S & P 500: 1261.32 = +7.19
MOST ACTIVE STOCKS & SECTORS

The NYSE did very well today after benign inflation data. Gainers included: AOL, Bank of America, Bristol Myers, Citigroup, Clarify, Foremost Corp. of America, Johnson & Johnson, Lexmark International, Martha Steward, Nextel Communications, Pfizer, Qualcomm, Rite Aid, Satyam Infoway Limited, Sun Microsystems, United Technologies, WWF, Xerox, and Yahoo.

MAIN REASONS FOR ACTIVITY

• September CPI rose 0.4% of a point, right with analysts' expectations.
• Clarify to be acquired by Nortel Networks.
• Philip Morris, Johnson & Johnson, and Pfizer met analysts' earnings expectations.
• September housing starts were lower-than-expected; A good sign for a non-inflationary economy.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Clarify, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: AOL, Bank of America, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, Charles Schwab, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, Johnson & Johnson, E.I. Dupont, Dow Chemical, Dominion Resources, El Paso Energy, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Tyco, Three Five Systems, Unisys, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• We hold on to our picks because our research shows an over-corrected market.
• Microsoft's better-than-anticipated earnings will lift Technology Stocks.
• Expect AOL and IBM to beat analysts' expectations and help pull up Technology and Internet stocks.
• Market will capitalize on the encouraging CPI and Housing starts data.

<---day Forty Five--->

MARKET SUMMARY FOR MONDAY OCTOBER 18TH. 1999

DOW INDUSTRIAL: 10116.28 = +96.57

NASDAQ: 2689.15 = -42.68

S & P 500: 1254.13 = +6.72
MOST ACTIVE STOCKS & SECTORS

Technology based NASDAQ suffered due to Analysts' fears. Gainers included: AOL, AHP, Bank of America, Biomatrix, Cell Genesys, Cisco Systems, Citigroup, Comair Holdings, Delta Air, Ford, JP Morgan, MCI Worldcom, Ratheon "B", Sun Microsystems, Warner Lambert, and Yahoo.

MAIN REASONS FOR ACTIVITY

• Earning Warnings from Dell Computer rattled Technology stocks.
• Banking related issues did very well.
• Delta to buy other shares of Comair, one of its commuter units.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: AOL, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, Charles Schwab, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Dominion Resources, El Paso Energy, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Tyco, Three Five Systems, Unisys, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• We hold on to our picks because our research shows an over-corrected market.
• Microsoft's earnings report will lift Technology Stocks.
• The CPI report will be favorable to the economy, especially the Technology Sector.
• Investment and Commercial Banks will do very well in this coming quarter, due primarily to corporate bonds and holiday borrowing.

<---day Forty Four--->

MARKET SUMMARY FOR FRIDAY OCTOBER 15TH. 1999

DOW INDUSTRIAL: 10019.71 = -266.90

NASDAQ: 2731.83 = -75.01

S & P 500: 1247.41 = -36.01
MOST ACTIVE STOCKS & SECTORS

The Market gave up all the gains it made the previous day in a rather sumber trading day. Gainers included: Apple Computer, IBM, Legget & Platt, Micron Technology, Office Depot, Quicklogic, Ratheon "B", Sun Microsystems, Tyco International, and Women.Com.

MAIN REASONS FOR ACTIVITY

• Federal Reserve chairman Alan Greenspan's comment about an overvalued stock market was the major damper.
• New IPOs like Women.Com didn't fair badly.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: AOL, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, Charles Schwab, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Dominion Resources, El Paso Energy, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Tyco, Three Five Systems, Unisys, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• We hold on our picks and outlook based on our research.
• We do not believe the federal reserve will raise interest rates in November; We believe the fed chair's comment was an attempt to adjust the market value without the central bank's active involvement.
• Retailing outlets will gain as we head into the holiday season; This is the season for e-tailing outfits.
• Technology, Telecommunications, and Internets are bargains!
• Investment and Commercial Banks will do very well in this coming quarter, due primarily to corporate bonds and holiday borrowing.

<---day Forty Three--->

MARKET SUMMARY FOR THURSDAY OCTOBER 14TH. 1999

DOW INDUSTRIAL: 10286.61 = +54.45

NASDAQ: 2806.84 = +5.57

S & P 500: 1283.42 = -2.13
MOST ACTIVE STOCKS & SECTORS

Market snapped a two day losing streak as (blue chip) corporate earnings exceeded analysts' forecasts. Strong gainers included: AOL, Apple Computer, BestFoods, Broadbase Information Systems, Champion International, Citigroup, Clarent Corp., DSP Comm, IBM, iGo Corp., Intel, Maytag, McGraw Hill, Ratheon "B", Sun Microsystems, Three Five Systems, and Yahoo.

MAIN REASONS FOR ACTIVITY

• Allied Signal, Boeing, Charles Schwab and General Motors (GM) posted higher earnings than analysts' expectations.
• Longterm Bond yields continued their rise.
• DSP Comm to be bought by Intel.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: AOL, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, Charles Schwab, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Dominion Resources, El Paso Energy, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Tyco, Three Five Systems, Unisys, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• M2 Money supply for last month dropped $7.4 billion; Strong signs of a non-inflationary economy.
• Employment grew at a modest rate in the same period; Another strong sign the economy is not overheating.
• Consumer spending (and confidence) figures are strong as we begin the fourth quarter.
• Retailing outlets will gain as we head into the holiday season; This is the season for e-tailing outfits.
• The proposed congressional bill supported by the Treasury department and the Federal Reserve to loosen restrictions on commercial banks' investments in the securities and insurance industries will benefit banking groups.
• Technology, Telecommunications, and Internets are bargains!
• Investment and Commercial Banks will do very well in this coming quarter, due primarily to corporate bonds and holiday borrowing.

<---day Forty Two--->

MARKET SUMMARY FOR WEDNESDAY OCTOBER 13TH. 1999

DOW INDUSTRIAL: 10232.16 = -184.90

NASDAQ: 2801.27 = -71.16

S & P 500: 1285.55 = -27.49
MOST ACTIVE STOCKS & SECTORS
Second straight days of major losses for the market. Strong gainers included: Micron Technology, Oracle, SBC Comm, Three Com CP, and Zany Brainy.

MAIN REASONS FOR ACTIVITY

• Intel's lower-than-anticipated earnings are affecting Technology and Internet stocks.
• Longterm Bond yields continued their rise; Investors feel the interest rates "waters" are getting "murky" again.
• The dollar dropped against the major world currencies.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• BARGAINS! BARGAINS! BARGAINS! Technology, Telecommunications, and Internets are bargains!
• Retailing outlets will gain as we head into the holiday season; This is the season for e-tailing outfits.
• Investment and Commercial Banks will do very well in this coming quarter, due primarily to corporate bonds and holiday borrowing.
• Analysts and investors' worries are a bit too premature; We might be reading too much into every piece of information about the market recently. Especially information relating to the Technology and Internet (e-tailing & major portals) sectors.

<---day Forty One--->

MARKET SUMMARY FOR TUESDAY OCTOBER 12TH. 1999

DOW INDUSTRIAL: 10417.06 = -231.12

NASDAQ: 2872.43 = -43.52

S & P 500: 1313.04 = -22.17
MOST ACTIVE STOCKS & SECTORS

The market took a serious beating. Unwaranted fears caused profit taking by investors. Strong gainers included: Compaq, Global Crossings, Halliburton, Intel, Mattel, Oracle, Philip Morris, and T Rowe Price.

MAIN REASONS FOR ACTIVITY

• Interest rates fears overshadowed stellar corporate earnings.
• Longterm Bond Prices dropped as yields (inversely) went up.
• Crude oil futures gained on the NYMEX.

PICKS FOR THE NEXT MARKET DAY

NASDAQ:

Technology, Telecommunications, and some Internets will gain. Companies like: Amazon.com, Applied Materials, Ask Jeeves, Cisco Systems, Excite, Microsoft, Novell, Foundry Networks, Juniper Networks, Covad Communications, Apple, ebay, CMGI, Dell, Oracle, Netsolve, MCI Worldcom, Intel, ShopNow.Com, Sun Microsystems, Looksmart, Qualcomm, and Yahoo.

NYSE:

Telecommunications, Manufacturing, and Technology stocks like: AOL, Bank One, Citigroup, Chase, 3Com, GE, GTE, Sprint PCS, Sprint, Hewlett Packard, FirstStar Bank, Fifth Third Bank, JP Morgan, Merrill Lynch, Morgan Stanley, Provident Bank, Lucent Technologies (LU), Micron Technology, Texas Instruments, Compaq, AT&T, IBM, Tektronix, E.I. Dupont, Dow Chemical, Nortel Networks, EMC Corp., Pfizer, Merck & co., Federated Dept. Stores, Kmart, JC Penny, P&G, Xerox, Walmart, Wells Fargo, and ZDNet will do well.

REASONS BEHIND THE PICKS

• Technology, Telecommunications, and Internets are a bargain.
• Federal Reserve Governor Laurence Meyer's comments that the stock market is not really overvalued (we told you) should encourage bargain hunters.
• Retailing outlets will gain as we head into the holiday season; This is the season for e-tailing outfits.
• Investment and Commercial Banks will do very well in this coming quarter due to corporate bonds and holiday borrowing.
• Up coming Internet and networking IPOs are heavy in e-commerce technology-a big plus.
• Do not count out oil related issues yet; This is going to be an interesting winter.