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Politics : High Tolerance Plasticity

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To: gravity rules who wrote (14412)	6/13/2002 1:58:12 PM
From: The Ox	Read Replies (1) of 23153

I could see a short bear market rally which might bring the NASDAQ back to the mid 1600s before running out of steam and reversing back down. I think one of the stronger stocks during this run will be MSFT, so I would only suggest shorting this one after runs like we saw yesterday. My guess is that MSFT goes up near $60 again before returning to the high 40s one more time. Just a guess and I don't follow MSFT's daily movements - so take this with a grain of salt. So far PMCS has been working out like I planned. I would think that $12 is in the cards within the next couple of days and more if my short term view proves out. I will try to find the link to a nice page that shows the long term NASDAQ hitting the upward support trend line and the daily hitting the bottom of the downward channel lines - both happening at the same place. I think we have hit a short term important area that should show temporary support, which relates to my %10 bear market rally theory.

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