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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: brk who wrote (18965)	2/14/2001 7:53:26 PM
From: mishedlo	Respond to of 19374

BRK, it was a nice rally call I admit. And I closed a bunch of puts on it this AM. Thanks WS. That said. This RALLY DIES SOON. In caps just to throw down the gauntlet at WS. LOL I think a 38-50% retracement from the bottom to the last local high at best. Let's use JNPR as example. low was 75. Last high was about 140. A 50% retracement would be 107 roughly. I seriously doubt we get there. BRCD - even 38% is IMPOSSIBLE. EMLX - ROTFLMAO on suggestion of 38% retracement I doubt JNPR breaks 102. This is a bear market. Rallies last 1-2 days. The bull is NOT returning. We die on the vine by Tuesday at the latest. Actual prediction is tomorrow, but that is going out on a limb somewhat. M

To: brk who wrote (18965)	2/15/2001 10:00:30 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 19374

brk, CIEN has an interesting chart now: askresearch.com Today's gap up---note the double-normal volume---looks for all the world like a professional gap. CIEN closed today right in the thick of the major long-term moving averages, which had previously offered stiff resistance. Now, the distinct possibility arises that CIEN will successfully test this overhead, and reverse and begin an new uptrend. I would want to see this confirmed with a close above the 200 day, then a correction back to the 200 day, then a bounce back up off that level on sharply increased volume (compared to the correction). On to watch, but the technicals suggest it may just have enough steam for a successful test. JMVHO..... WS