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To: Gersh Avery who wrote (14003)	5/29/2000 4:40:00 PM
From: sea_biscuit	Respond to of 15132

Gersh, that is food for thought. And in fact, I am using this as a "sell the spike" (if it happens) opportunity to get out of a few tech stocks and funds at slightly better (10% to 15% higher) prices than where they are right now.

To: Gersh Avery who wrote (14003)	5/29/2000 5:20:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Gersh: Re: "This upcoming rally could be over by Friday. What then? If you short QQQ puts, you could be in a world of hurt real fast. I look at this market as a series of "sell the spike" opportunities." Believe it or not, speaking for myself, I see this as a sell the spike opportunity. I think it will be a nice spike up for the patient and will take longer than a week. There will be ups and downs but the direction should be upward and will be a rewarding trade for the patient. BTW, I am not shorting any QQQ puts. Re: "By conditioning you folks see it as a buy the dip situation." Yeah, we are all like Pavlov's dog here <g>. Woof, woof.

To: Gersh Avery who wrote (14003)	5/30/2000 10:59:00 PM
From: robert duke	Respond to of 15132

I think this rally is in the first half of a bear run which could end in 6 months or so. This run up will or should hit about 3900 on the nasdaq and then trend lower again testing the lows again. We shall see.

To: Gersh Avery who wrote (14003)	5/31/2000 12:12:00 AM
From: P314159d	Read Replies (1) \| Respond to of 15132

Never lurk here, but saw the cool post. I agree it is a bear, but just as bears can win sometimes in bull markets with a somewhat larger correction than is normal, so too can a bull win in the bear rally that is above expectations. I think this rally is one of those not to be shot down in earnest for a while. Maybe it is a little qtr point from that fed guy that leads us to believe another in August. But we have all that time to play! I thought we would have such a rally a week ago and when it broke down, I assumed the worse. But it is a fake out to me, this rally will gain summer mo. Then fail, August to Labor day. A kinda bear market Bull play like Sep/Oct 98 for the Bears. Will have to evaluate then if the thing changes shape again. I give the Naz some 4200 upside.

To: Gersh Avery who wrote (14003)	5/31/2000 12:30:00 AM
From: Gary105	Read Replies (1) \| Respond to of 15132

On today's run the QQQs and many high techs gapped up. I think the run still has legs but that eventually the gap will be filled. If the run goes for a while it may represent another major shorting opportunity given high valuations, continued high consumer confidence (not surprising as it is more a function of employment than stock market), high energy prices, low unemployment and increasing friction between China and Taiwan.

To: Gersh Avery who wrote (14003)	5/31/2000 12:36:00 AM
From: Anonymous	Read Replies (2) \| Respond to of 15132

I look at this market as a series of "sell the spike" opportunities. By conditioning you folks see it as a buy the dip situation. Was the spike over today? Should I have sold sometime today? Will it continue tomorrow? Do I sell the following day after the first time that the market closes down? Or maybe it will keep going up into next week. Pray tell, how does one know exactly when to sell the spike!...Anon