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Politics : High Tolerance Plasticity

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To: Sharp_End_Of_Drill who wrote (206)	2/23/2001 10:29:41 PM
From: upanddown	Read Replies (1) of 23153

Sharp I tend to agree with you that we "ain't done yet". I do wonder whether we are primed for another January-like rally in the techs. We had the huge January move followed by the huge February collapse. Market may need to catch its breath before it launches another move like January. I see a slow grinding down punctuated by brief, sharp, failed rallies while it builds the strength for anything more sustained than a day or two. Lets remember that millions of people have retreated from this market, licking their wounds and vowing "never again" while many others are ready to exit on any strength. We really don't have much in the way of historical precedent as to how the NAZ reverses a 60%+ decline. Hard to see a V-shaped recovery with this economy, especially short-term. John

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