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To: DaYooper who wrote (8680)	1/9/2001 12:01:40 PM
From: mishedlo	Read Replies (2) \| Respond to of 13572

I believe what we are seeing today is a countertrend rally in a Bear market. Such rallies have lasted almost 1 day + one addition gap up the following day. WS has injected another factor into this, Maximum Pain. I am a big proponent of this theory as I have seen it work many times quite well. In general, if stocks start drifting towards that by now, many come close. JNPR looks as if it has a real shot at it. RIMM (LOL) no chance in hell, but I would be delighted if it did. QCOMs max pain was 67 but I did not have the guts to play this one. QCOM also has a gap at 65 or so, that I "promised" Greg would fill. LOL Financials are down today, in spite of the theory that financials do well when rates are lowering. We need to look at earnings to see what happens. I am betting against AMCC. I really see no reason to enter long positions on tech right now. Until we base for a while I just have ZERO confidence about this markets ability to sustain a rally. Personally I feel the Naz will drop to 1800 or lower next month. That has always been my call, and the failure to sustain rallies tells me I am right. M