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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: CAtechTrader who wrote (18479)	2/14/2001 1:29:45 AM
From: mtnlady	Read Replies (1) \| Respond to of 24042

"I believe the intelligent bears will begin to cover" No way. The only thing holding this market up was the Fed. Now with them stepping back a bit from such an active stance there is nothing to hold this market up. FA? No way. Even JDSU has warned now. TA? No - all indicators are down. Fed? Greenspan basically said that the economy will be 'fine' and the Fed will let things unfold a bit. Will we have future cuts in the interest rate? Sure. But not 1/2% every FED meeting and probably less 'air drops' of money into the banking system everyday. In short .. we are going down and the bears know it. Our only hope for a bounce right now is to bounce off of the original low (2200?). Folks will then believe that the bottom is really in and we should see a decent rally. That is until everyone accepts, finally, that we are in a recession and the real sh*t hits the fan.