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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (13052)	5/25/2001 12:14:59 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 15481

I think JNPR at 52 looks ok. I don't like the lower tops but the stop remains at 50. I think there is a fairly good chance we could see a nice bounce from here. For me, I view it as a trading buy but that could change with either a print of 50 or an after holiday rally. Look back a year ago at OMD's post with regard to the change in sentiment after memorial day. The post was just a day before the memorial day weekend. He talks about investors pondering their losses, eating meats loaded with animal fat and then returning with a new revitalized attitude. His post was almost prophetic. I can remember reading it many times after that day and thinking, Wow...nice call. I think that history will repeat this year with another post memorial day run. The revised GDP numbers are out and as expected, were lowered. This in combination with a very poor book to bill ratio I believe will lead to yet another preemptive strike by the fed. Between that and a market that seems to want to rally I think we move higher. JMHO Good Luck Gloopie