To: mishedlo who wrote (11414 ) 3/10/2001 11:42:46 PM From: Walkingshadow Respond to of 13572 Mish,<< How are you playing this mess? What are you buying? >> Mostly in cash (a few puts and a short or two......which should bring a smile to your face <gggg>) but that's because lately I've just been too much under the gun with other things to pay proper attention to things. If I can't devote proper time, I think it best to step back, or at least set tight stops, and a lot of my stops have triggered. I think I should clarify something: I'm not predicting a big turnaround Monday, and so not suggesting that anybody bet the farm on the long side. I've been so swamped I haven't even really looked at what happened yesterday yet. And I don't believe in anticipating market moves, but it is wise to be prepared. My only real point is that we are seeing some things that historically have coincided with bottoms; specifically, clusters of analyst downgrades tend to occur near market bottoms in the stock, and frequently are designed to squeeze the last bit of downside from a stock which is already primed, locked and loaded for reversal. That alone doesn't necessarily mean the market as a whole is in that condition. Again, I have not looked at the charts and internals in enough detail to comment really, but it is evident that there has been tremendous downside very rapidly, and this selling momentum is unsustainable (I'm talking short to medium term here). When precisely that momentum might slow and be overwhelmed by buying momentum I couldn't say. I just know that it is coming, and every passing selloff day only brings it closer, and the stronger the selloff, the more powerful the backlash will be. JMVHO.......... WS