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Politics : High Tolerance Plasticity

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To: Sharp_End_Of_Drill who wrote (3319)	4/13/2001 5:10:02 PM
From: jim_p	Read Replies (2) of 23153

Sharp, You can add me to the CC and dabum3 camp. First the current tech cycle is not a normal cycle, it's a bubble of historic proportions. Second we have not had capitulation. Too many strategists were calling for a rally due to the oversold nature of the market. Investor sentiment does not show complete capitulation in investor psychology. That being said, this rally could last as long as several months (I would not be to excited about going short), but I believe we will revisit the old lows at least one more time. I plan to continue to sell into the rally, and not to start buying until the old lows have been tested. Jim

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