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To: IceShark who wrote (69550)	2/21/2001 9:04:48 AM
From: Hobie1Kenobe	Read Replies (2) \| Respond to of 436258

Just read Bill Meehan's column in RealMoney.com in which he sees NAZZ at 1500. Got Dramamine?? This day is eeriely reminiscent of that ugly Friday in April when the inflation numbers came in high. GOT NAZZ LOCK LIMIT DOWN 65? JF3 ......Fortunately, I hold no power over the market and might be wrong about how far the market will fall and about the Comp reaching the 1500 area. However, the breakdown among virtually every nondefensive group, most notably the financial and technology sectors, indicates that short-term bear-market rallies should be sold. Assuming that Wednesday morning's Consumer Price Index report is relatively benign, I expect the Fed to unleash a 25 basis-point cut well before the Federal Open Market Committee meeting. That would be the time for aggressive traders to get busy on the short side, and for investors to make sure that they're very comfortably positioned for what could be a very painful period in the immediate future. thestreet.com