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To: mishedlo who wrote (708)	8/19/2001 4:17:14 PM
From: pvz	Read Replies (1) \| Respond to of 2290

>>We are not quite ready for a moonlaunch here. >>Everyone seems to be expecting a Greenspan rally here. I am not betting against it, but I sure am not betting strongly on it. If we rally and lots of calls are bought, we are going down and down hard later IMHO. I couldn't agree with you more. Looking at the weekly charts of a number of large companies, I'm seeing that the March 2000 bubble hasn't even nearly been matched by a corresponding state of being oversold at the bottom. (For this I'm looking mainly at the RSI.) Many have, but others (sebl and beas are the first 2 that come to mind) have not. OTOH, I also don't see them heading straight down from here. More likely, IMO, is a nearterm rally which will alleviate the current oversold condition of the market, and a return to the lows at a later date. But then, I could also be wrong.... pvz