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

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To: Perspective who wrote (92594)	4/11/2001 8:43:13 AM
From: AllansAlias	Read Replies (1) of 436258

BC, I just don't know here. I was confident yesterday in seeing more up and was able to profit from it, but here I do not know. It "feels" like it has more to go, but the minimum requirements for a lower degree correction are satisfied. The consensus that this rally is real seems widespread to me, although p/c's have not collapsed far enough just yet to read this overconfidence. I just don't think we have enough skepticism for a sustained rally. It's moving fast so far and reminds me of the early Dec rally. My feeling has always been that this is a 4 in non-tech and I am sticking to that until it becomes untenable. If we blow up through 10,300 in the Dow I'll be awfully impressed. The non-tech indices have more air above them or at least are further away from the equivalent barrier that 10,300 represents. The S&P and OEX is trying to climb back into the Sept down channel -- it's sort of sliding right in a range, but should be freer to move upward once it gets inside. At this point I feel as I did the last 7 or 8 trading days in January -- don't play big, but be patient, this will roll soon.

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