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To: Think4Yourself who wrote (75583)	10/4/2000 1:32:52 PM
From: ItsAllCyclical	Respond to of 95453

OT - Techs. At this point now that the 3500 support is broken I'm waiting for 4 things to happen before I re-enter techs on a trading basis. 1) We need to retest the May lows around 3200 to see if they'll hold. 2) We need capitulation. We've had a slow bleed. I think we need a day where we go down 5-10% from these already low levels. 3) We need the GLW's, EMC's and the JDSU's of the tech world to break as well. JDSU's is now below it's 200 dma, but there are still plenty of inflated stocks out there in B2B land, telecom, bio-tech etc. 4) We need to have more opening down days and then rally into the close. So far the pattern has pretty much been rally at the open and then fall at the close. That signals to me there is still too much optimism and too few willing to hold tech here. That said, I think all three (LU, INTC and MSFT) you bought are excellent companies and they probably have very little downside left if the 3200 area holds. But other than trading I don't see a sustainable upside yet.