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To: advocatedevil who wrote (4802)	3/17/2003 10:38:07 PM
From: BWAC	Read Replies (1) \| Respond to of 13403

S E L L and sell some more til mid 2004. And that is coming from me who seldom is selling focused. I can safely I have never been more pessimistic on the US economy. The problem is at the top and it is trickling down. A new meaning to Trickle Down Economics.

To: advocatedevil who wrote (4802)	3/17/2003 11:35:13 PM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

On the other hand let me play devil's advocate <ggg> and give a few reasons why I could be wrong. BPNDX is only at 40 at the close today. The last run from a real bottom took it all the way up to 82 buy signals out of 100 before it sold off to a recent reading of 30. The volume on this rally has been a big improvement over the stagnant volume as we were selling off. Many of the stock market indices have not yet show the relative strength of the SOX and NASDAQ in general. The market could stay strong while sector strength rotates from one sector to another even as the SOX and NASDAQ consolidate and gain further strength. However, longer term "Ultimately the market will need fundamentally sound reasons to move higher and not just hopes for a short war from a questionable bottom." I love quoting myself<gg> If BPNDX had got below 20, if we had seen a bull to bear cross over and a VIX reading above 50 I would say hold onto those shares for a long while to come AD because that would have been a great bottom. RtS