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To: craig crawford who wrote (105843)	5/31/2001 8:17:18 PM
From: Perspective	Read Replies (3) \| Respond to of 436258

What matters to me is the structure of the corrections from a TA and Elliot perspective, and the structures are all similar. I'm less interested in the percentage bounce than I am in the fact that every single 1930-31 rally failed at exactly the bottom of the prior low of significance. Nasdaq has repeated that without the slightest variation. As to your remarks about things being good shorts several days ago, I never short the top tick, and I never buy the bottom tick. I don't try to catch falling knives, and I don't stand in front of locomotives. JNPR is a far better short now that it has yielded its momentum and cracked technically than it was when it was still rallying. The funnymentals are, and have been for years, irrelevant on all the Nasdaq trash. I am looking for the bear to continue for many more months, and I want to stay short except for the brief interludes where these foolish bear market rallies are taking place. The thought that years of excess were purged in a quick, 12 month Nasdaq bear with no participation from the remainder of the economy, and the notion that recessions no longer happen, is pure folly. Nothing more. BC