This paper gives methods to calculate the pairing temperature T*,at which a pseudogap is opened,and the superconducting temperature Tc,at which superconductivity appears,in the high-Tc cuprates,and demonstrates directly that at Tc ＜ T ＜ T* the pseudogap is the gap of Cooper pair without long-range phase coherence,and at T ＜ Tc there is long-range phase coherence between Cooper pairs.Based on the above clear physical picture on the pseudogap state and our mechanism for the ac Josephson effect,this paper proposes that there should be a novel oscillatory current in P-I-P junction,induced by a constant bias on the junction.Here,P represents the high-Tc curates in the pseudogap state,where Cooper pairs do not have long-range phase coherence,and I represents the thin insulating barrier.This paper conjectures that there is a possible high-temperature superconductivity in the heavily underdoped high-Tc cuprates.