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To: AllansAlias who wrote (116)	4/18/2001 2:46:45 PM
From: JRI	Respond to of 209892

I'm wondering if J6P has really joined this rally yet....I doubt it (in a big way)...I think there is still fear out there, and a lot of folks in cash... I think only really sharp or lucky traders and some big money have played this all the way up....J6P and more institutional money still need to go long to really get everyone "in" the market.... Where could that get us....2250? 2400? dunno... I think, at that point, it would be a great, great opportunity for a crack and disallusionment with a lower low.. Although I like the set-up for a nice sharp correction on the turn date Monday, it won't catch everyone long....I'm debating if that matters....or if "not everyone long" can bring the utter fear/panic that can really carve out a bottom (Actually, a couple month rally to 2500-3000 would really suck in a lot of folks....get the high-flyers back to simply ridiculous levels...and just in time for the energy crunch/consumer debt bomb/layoffs to kill consumer spending) and start things in motion..also, at that point, the Fed will most likely be done, and the bond market will be flashing higher rates, perhaps, sometime in future...