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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (791)	3/1/2001 4:17:28 PM
From: Shack	Read Replies (1) \| Respond to of 5144

Hey Shaw. I was indeed. My banks didn't really rebound that much today. JPM is still stuck. As a matter of fact, with the exception of my MU, everything stayed pretty weak and BVF actaully weakened during the ramp. GE was really playing with the abyss today when it was under its 1994 trendline. I'm not disappointed. I have no idea how long this bounce lasts. I am pretty sure that it is no bottom. Put/calls ratio were low all day and the VIX never went above its level from Friday. It was funny though how the drugs/tobacco and other defense plays weakened substantially during that rally. Just tells me its all still just rotation.