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To: marginmike who wrote (15864)	4/22/2000 9:31:00 PM
From: djia101362	Respond to of 35685

I tend to disagree with the both of you here. It's easy to say the Naz is in trouble if it doesn't rally here. After all we've just been the worst month of our lives and people are still trying to figure out where they went wrong. Sure the Naz is down and it looks weak. But I don't think anyone expects the Naz to make back all of the losses we've suffered in the next month or two. I'd be tickled pink if the Naz got back to 5000 by December 31st and even that seems like a tall order. This market will go up and it will go down and it's easy to be bearish at a time like this and I don't blame you guys for thinking otherwise. Just look at the charts and they look absolutely terrible for the Naz as well as most tech stocks. Just like the market had every bit of good news priced into it a month ago, I think we are very close to that point on the opposite side of the spectrum. Monday will be key. MSFT came out with less than their usual stellar earnings report and if the market doesn't cave in on Monday, I'd be jumping in with both feet. And even if the market does go down Monday, I'm still not convinced it will get a whole lot worse. We've had $2 trillion dollars let out of this hot air ballon. I don't know that there is enough selling pressure left in this market to send it down much more. We shall see soon enough.