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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (2827)	3/14/2001 8:42:08 AM
From: JRI	Respond to of 52237

Talk about crushing the bullish psychology...after yesterday, this is going to be a scary episode... Home safes were one of the most popular selling items in Japan over the last few years....a run on Japanese banks could make the Russia crisis look like a 10 pt. down day in the Naz....

To: StockOperator who wrote (2827)	3/14/2001 9:12:34 AM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

FWIW, at yesterday's lows (18 3/8), I got readings on CSCO that were as oversold as I got on DELL and MSFT on Jan. 2-3. Not sure what that's worth here; the Fed was cutting then. But MSFT and DELL haven't gone anywhere near those lows since then (knock on wood). First thing I saw this morning was the Washington Post, which had a front page headline, "Is the Bear Market Over?" Not a good sign, but it was a balanced article. Then I got to the business section, and Jim Cramer was quoted as saying "Sell! Sell! It's not too late!" That made me think the bottom might be in, because Cramer's a pretty good contrary indicator. And then I turned on CNBC... Tech is the wild card here, IMHO. I'm not seeing lower lows in the premarket in stocks like JNPR and CSCO.