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To: sun-tzu who wrote (133573)	11/8/2001 5:34:24 PM
From: Mark Adams	Respond to of 436258

I agree; PIMCO has some savvy talent. I suppose that's why I try to understand what they are thinking. I also pretty much agree with the assessment you outlined regarding the future prospects. Might get a bump up next year, but then again...

To: sun-tzu who wrote (133573)	11/8/2001 6:32:29 PM
From: sun-tzu	Read Replies (2) \| Respond to of 436258

Swenlin...11/08/01 <Today the market rallied hard again with the Dow up about +150 and the Nasadq about +40, but in the last two hours the rally fizzled and large gains turned into small gains or small-to-medium losses. The daily candlestick for today is what is called a "shooting star", and it signals a short-term change of trend -- not that we have been short of indicators warning of a top. There was no particular news associated with the reversal, and the usual "profit taking" was cited as the reason for the selling. Looking at the price charts we can see that the major market indexes are pushing into that area of horizontal resistance associated with the decline that occurred just before 9/11, and it is likely that many people are honoring the solemn vow they made before God that, if it ever got that high again, they were getting the heck out of the market. The market is in a rising trend based on a line drawn across September and October lows, and that line is where the market should find support in the process of any pullback. If that support fails, maybe we'll finally see that elusive retest.>