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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (42356)	3/20/2002 5:20:52 PM
From: t2	Read Replies (2) \| Respond to of 99280

More Chinese torture....Probably until we get a meaningful negative tic, or we get to the other side of next week (g). Yes a bounce from 1793 looks like th next stop, but will it be "it"? I have reduced cash to the 50% level, and will slowly deploy into a continuing decline, because I still think that a powerful rally will start not long from here (sometime in the next two weeks?). I don't know how you can buy into this drop....but I am in the process of bailing out. The Pimco comments on GE debt kept the market from rallying today, imho. That is just too big of a concern to remain long as I see it. It used to be JPM. Fears and rumors can be self fullfilling is what concerns me. Also remember what happened in September 2000 when Kumar downgraded Intel; the market just kept heading lower. This is not a downgrade and the stock is now a lot lower...but it still concerns me. Will note that Joseph only cut estimates and kept buy rating and price target. jmho