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To: Night Writer who wrote (88691)	1/7/2001 5:30:35 PM
From: Captain Jack	Respond to of 97611

NW-- Not a follower of TA but that is usually the cycle history proves true. Oil / energy is looking a bit high for an entry but financials will move on rate decreases. If you look at MO's run you will see a steady climb from around 23 this summer slightly down on lawsuits. When $$ leave thechs that is one of the first issues to pick up,, also the first to fall when $$ goes out. Wed MO dropped 4+ on the FEDs move and has continued down since. As far as Consumer cyclicals I'd stay away from autos as their next few qtrs should suck thanks to Als previuos moves-- When the numbers are reported Fri many will begin to believe the economy is in worse shape than they thought IMO. By Jan-- hope for 35 but take 30 and run. Play the drops-- forget the dips as history is NOT on the side of 50.. Nibbled at FTU and RBOW Fri,,, Just trading but putting all int and divs into mutual funds now,, sitting on nerly 50% cash,,,