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To: Joan Osland Graffius who wrote (8619)	8/3/2000 9:58:59 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

Joan, i'm aware of all this, but like i said, reality was never a hindrance for this market...it simply doesn't matter in an investment mania. usually what happens is if there are areas that disappoint, the bubble simply shifts to other sectors...look at biotech, they CAN'T disappoint, because there's no danger of earnings for many years to come... that said, the reversal needs follow through to become valid...without that it doesn't count. still it did look rather convincing from a purely technical PoV...