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To: Perspective who wrote (27248)	10/12/2000 6:45:05 AM
From: Earlie	Read Replies (1) \| Respond to of 436258

Bobcor: Good comments. Your "that line is for all the marbles" says it all. The real problem for all of us on this thread is that we know what lurks out there and can almost smell its foul breath, but we have been scarred by so many false starts in the past that we can't bring ourselves to believe that the current action may (finally) define its arrival. I'm as antsy as any. I keep seeing desperate "lines of defense" being breached, yet I can't bring myself to let profitable put positions ride, fearing a brutal rally. One thing appears certain and that is if some kind of a decent rally doesn't materialize very shortly, the "vicious spiral" will have critical momentum. Best, Earlie

To: Perspective who wrote (27248)	10/12/2000 8:26:35 AM
From: AllansAlias	Respond to of 436258

ORCL -- under $60 is a heap of trouble. Like so many charts, last fall it busted up out of its long-standing price channel that goes back many years. It has just returned to the equilibrium of this channel. It could go to the $40's and still be a nicely bullish chart long-term. CREE -- been watching these 2nd-tier mania darlings. Too early to tell on this one for me. Tuesday it broke that TL, but it was a weak TL. It's making an enormous triangle going back to March highs and could go to mid $80's and still be inside. Internets -- forget about it. The general died in this run. As I and others have said: If they can't make it work nobody can make it work. Some of those 2-nd-tier darlings are still looking pretty strong. JNPR, NTAP, VRTS, CIEN, ITWO, BRCD. I believe that one of the permabull favourites, EXTR, wants to cave. The MO is there. Big wedged, head-fake up, back town to bottom of wedge. It's decision time for that thing. I was watching VRSN yesterday. It was fighting a couple of TL's over the last 5 trading days. It lost yesterday and you see what happened. Hanging by its talons this thing. RMBS -- where does one start with this? I recall mentioning it when it first broke the TL on Oct 4 and I issued an Avoid on the 6th. Hard to track this because it trades so strangely, but yesterday it tooks a couple of new body blows -- 200 dma and good horiz at $62. As for p/c's, I actually think they have filled in pretty well. All that we would have needed (still need?) is a good hard spike to set a bottom. Yup, as we've discussed for weeks now, SPX is in the multi-year no-foolin' zone here. We bounced off the line in 1998 but that was a crash/correction phase. Now we are just sort of sneaking up on it and need a good bullish push just to avoid the unthinkable.