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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (41612)	1/26/2001 10:43:53 AM
From: JRI	Respond to of 42787

How you playin' rest of day....i think we see more downside..maybe a little covering rally end of day... Of course, normally, going down from here would be sure thing...but Fed meeting having some buy here...still, I think the severity of yesterday's break (and the way-big moves from leaders) and the lack of any comeback from Csco this morning...Dunno, but just feels like more downside.. Do you agree that this morning snapback was mostly opportunists longs (like you) and short-covering....ie, fairly weak hands?

To: dennis michael patterson who wrote (41612)	1/26/2001 10:44:08 AM
From: JRI	Read Replies (1) \| Respond to of 42787

How you playin' rest of day....i think we see more downside..maybe a little covering rally end of day... Of course, normally, going down from here would be sure thing...but Fed meeting having some buy here...still, I think the severity of yesterday's break (and the way-big moves from leaders) and the lack of any comeback from Csco this morning...Dunno, but just feels like more downside.. Do you agree that this morning snapback was mostly opportunists longs (like you) and short-covering....ie, fairly weak hands? BTW- I went short BRCM and CIEN on this slide....looking for the earlier day lows (or close)