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To: ild who wrote (180170)	7/16/2002 6:19:07 AM
From: Earlie	Read Replies (2) \| Respond to of 436258

Ild: I would bet that most of us on this thread share your concern and it is exactly why I jumped out (foolishly?) on Friday. Your comment about the market's ability to chose to ignore bad news is spot on. As well, the chart lovers see things as vastly oversold. Hence, an absence of really bad news or really ugly guidance could indeed be used as an excuse for a short term bear market rally. Personally, I think both IBM and INTC will meet expected numbers but will guide lower (given the murderous business conditions for both, I can't see how either company can do otherwise, especially given the current market distaste for fancy accounting). Patron's point is well taken and I fully agree,..... the fundamentals underlying this market are crumbling fast which means that any rally will likely be short-lived. We may well be approaching the point where getting short and staying short is the least risky approach. It is a tough call. Best, Earlie