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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (77772)	3/9/2001 10:42:16 AM
From: JRI	Read Replies (2) of 436258

AA- I should better respect the risk of bounce here, I suppose...but 4 things kept me from selling this time at 2071- (1) , I think the Greenspan put is all but over for near-term...based on recent Fed comments (McDonough actually talking about market strength!), unemployment report, and built-in expectations....(2) Stochastically, we can go down further from here- are not as bad off as a week ago (3) All week, the rallies on Naz have been very, very weak....given its a Friday, I figure it'll be hard to close at anything but the lows (if 2071 or so turns out to be that level)...and (4) So many individual charts look like absolute shite....how, why there isn't more panic, I don't know....but they point more downside to me....Csco at 20, blah, blah...incredible... I guess I should worry about PPT....but I thought they usually jumped in in emergencies (big down days?)

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