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To: AllansAlias who wrote (70637)	2/22/2001 9:57:31 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

I saw a supposed 'technician' on the TV this morning in a hotel where I stayed last night. He was talking about some indicator which he coupled with the eases in interest rates and said we hadn't been down like this after the combination for 20 or 30 years running -- he said he kept scratching his head until it occured to him the trailing PE on the S&P 500 is more than twice what it was during the second worst historical downturn when the Fed had eased in combination with his technical indicator ... What was really funny was his reasoning after that -- based on what he had seen he was urging caution (OK, he didn't say sell) at this level, but if the Naz could make it back to 2800 or 3000 that'd be the sign the worst was over (OK, he didn't say buy at that level -- but he sure implied it). In other words if oyu are smart -- sell low and buy high. Is that what some folks are doing right now on this thread? <g>

To: AllansAlias who wrote (70637)	2/22/2001 10:48:32 PM
From: stomper	Respond to of 436258

Qualcomm says 3G roll-out delayed - FT LONDON, Feb 22 (Reuters) - The U.S. electronics company behind third generation mobile telephone technology, Qualcomm Inc, has said the roll-out timetable promised by European operators would be delayed by two years, the Financial Times reported on Thursday. The company's founder and chief executive, Irwin Jacobs, was quoted by a report on the FT's website as saying that third generation services currently in development were not likely to be commercially viable until late 2004 or early 2005. His comments are likely to increase concerns that European operators are being over-optimistic when they suggest third generation, offering new Internet and video services, will be ready for 2002 onwards. Jacobs' remarks echoed those made on Thursday by the head of Alcatel's mobile phone business, Michel Rahier, who told a Cannes mobile communications conference that third generation handsets were likely to reach the public in late 2003 or early 2004, a year behind forecasts.

To: AllansAlias who wrote (70637)	2/23/2001 4:57:11 AM
From: bill meehan	Respond to of 436258

Thanks, AA. Had a cold that's turned into a sinus infection. Should be back to full strength next week. I think that tech stocks remain extremely oversold and that we should get a decent pop when the Fed Head cuts rates soon. Lots of shorts are standing aside because of Easy Al. I can't believe some of the BS that's being spouted by so many "technicians." Don't know what Myth's range is, but I expect 1500 on the COMP--probably before spring is over.