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To: Sig who wrote (5513)	1/16/2002 11:42:26 PM
From: Boplicity	Respond to of 13815

I think it is too soon to buy. I rather see more fear and then base action. Anywho, <g>, the first rally should not be bought. I find it best to see how a rally fares after a test. The last 1/2 hour drop today was an indication of the fear that is still held over from the bear, and the lack of resolve and over bought condition of the new bull. In the mean time, I'll enjoy my QQQ hedge. QQQ is right at it's lower support line of the sideways action that started in Nov. of last year. I might start adding to my QQQ hedge if we break through 38, heck it might end up being my only play. <g> I think it is important to watch INTC here. INTC is right at it's lower channel. INTC is good proxy for the tone of the market. We all know the communication sector is and will continue to be in the dumper till next year, but the PC sector seems on the mend. A failure at the lower support line should set up a drop to 32, failure there and the powers to be might start to second guess the new BULL. So, my game plan is to protect my gains. Add to my hedge if looks like that is the only play to be had, all along looking to buy into the quality stocks from the list below. B