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To: CharlieChina who wrote (4488)	11/13/2000 1:07:18 PM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 8925

I've had Naz 2500 or so in mind -- not based on analysis, but on a sense that the big money will need to hold that psychological line in the sand. You're absolutely right about margin calls. I've been scared of margin debt ever since this spring, and it stands to reason that we will ultimately have to pay the piper. We also must have some hedge funds in trouble again, with so many of their core holdings in trouble (even ORCL, SUNW, and EMC are getting hit). It seems just a matter of time before the big hurt finds CSCO. If you have a chance sometime, set aside an evening to read John Kenneth Galbraith, The Crash of 1929. One key element of that tale was the unrelenting pressure of margin selling, where the market's downward spiral went on and on even in the absence of panic. The selloff took on a rather eery mechanical quality that transcended emotion and reason.

To: CharlieChina who wrote (4488)	11/13/2000 1:29:46 PM
From: Jill	Respond to of 8925

This is the kind of post that I find much less helpful than Teresa's-- Why not post a chart and show support and resistance lines as she does, trendlines and trading ranges? That's what kept me away from t.a. for so long but I now think I was just hearing the bias of bulls or bears, longs or shorts, spouting #s, pretending to know t.a., but still having an obvious bias When you say "lets get those margin calls from CISCO to kick in" I hear a bearish bias What is so appealing about her approach is there is NO BIAS No offense intended