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To: Terry Whitman who wrote (150928)	2/12/2002 10:33:41 PM
From: LLCF	Respond to of 436258

I see the biotechs [one of the go go groups] turning around... this IS a bullish sign. I DO think it'll be a big down year however. dAK

To: Terry Whitman who wrote (150928)	2/13/2002 10:16:25 AM
From: SouthFloridaGuy	Read Replies (4) \| Respond to of 436258

<<Nothing wrong with selling the January top. It's good practice to take profits at intermediate tops.>> First of all, the way you phrase it, you make it sound like the January top occurred on Jan 31st, when it actually occured on Jan 5th or so...I think January "bototm" would be better terminology. As far as I am concerned we are rallying from oversold conditions right now. Terry, you make a lot of broad sweeping generalizations with very limited evidence. I would say that when the number of short-sellers interviewed on CNBC outnumbers the long guys by 2:1, then maybe we'll have true cyclical bottom. Or when Joey BagADonuts or Abby Cohen are no longer quoted, that's contrarianism. The unfortunate part about contrarianism is that everybody thinks they have "caught on" and try to use it as justification for their flawed analysis. Tell me, what does your contrarian analysis say about Gold? About 6 weeks ago, the Financial Times had an article called the Death of Gold and quoted an analyst saying he expects the metal to hit $99/ounce. I don't need to tell you what happened after that. How about Japan? Are you bullish on Japan? I went to a hedge fund conference last week and not one good thing could be said about Japan...whether it be their culture, monetary policy (which was US Guided), and their institutions. I think that negativity was what caused me to finally pull the trigger and invest in 50k in a Japanese mutual fund.