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To: PAL who wrote (6422)	4/13/2000 1:29:00 PM
From: Jill	Respond to of 8096

Yup...except what I thot was oversold was an overbought NAX. I.E. cnxt at 70 was fine for the trading range it was in if the naz didn't drop 25% oh well, road to recovery is in sight

To: PAL who wrote (6422)	4/13/2000 2:11:00 PM
From: Bridge Player	Read Replies (2) \| Respond to of 8096

<<WHEN THE MARKET IS OVERSOLD SELL PUT AND BUY CALL>> One of the talking heads on CNBC yesterday made the following cogent observation: When an oversold market, instead of bouncing or rallying, just keeps going down, it may be a sign that the market is in a transition phase to a bear market. Although the 20%+ correction rule places us in a bear market by some definitions, no one can tell except in hindsight the duration in time, or the magnitude in price. Perhaps this morning was a correction low and we rally to the old highs; perhaps not. Anyway, IMO his comment was worth remembering. BP