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To: The Freep who wrote (12144)9/5/2001 1:38:15 PM
From: JRI  Respond to of 209892
 
Freep, its called the last safe haven......the safe haven will get CRUSHED before this is over...

Pull up a chart of EMC or CSCO/NT in 2000....look how they rose, took a hit in the April/May crash, and then rose to new highs into the fall.....safety flight for tech......
tech investors running from "more risky" newbies internets

Same principle has held up Dow (of course, other factors have been in play too)...but Dow must capitulate for any intermediate-term bottom here IMO

The fact that it hasn't just makes me think we've got a ways to go in Sept. still..