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To: Clappy who wrote (18021)	5/10/2000 7:05:00 PM
From: marginmike	Read Replies (1) \| Respond to of 35685

I am the penguin to Batman(voltaire). We have sparred before and will again. Tom knows I like him on a personall level but just dont agree with what he has to say. As for REAL market analysis it looks like the Nas has a ways to go before a bounce. The VIX needs to be atlest 38 and we need topoff volume and big reversal day. My guess is 3000 and then a tradeable bounce. I think the long term is still bullish but in the next 6-12 months it will be rough. The interest rate picture is just being understood. We are instore for at least 2 50 BPH. That is not yet priced in. Oil is not getting cheaper either. If the dollar falls kiss your ARSE goodbye!

To: Clappy who wrote (18021)	5/10/2000 7:05:00 PM
From: marginmike	Respond to of 35685

I am the penguin to Batman(voltaire). We have sparred before and will again. Tom knows I like him on a personall level but just dont agree with what he has to say. As for REAL market analysis it looks like the Nas has a ways to go before a bounce. The VIX needs to be atlest 38 and we need topoff volume and big reversal day. My guess is 3000 and then a tradeable bounce. I think the long term is still bullish but in the next 6-12 months it will be rough. The interest rate picture is just being understood. We are instore for at least 2 50 BPH. That is not yet priced in. Oil is not getting cheaper either. If the dollar falls kiss your ARSE goodbye!

To: Clappy who wrote (18021)	5/10/2000 7:05:00 PM
From: marginmike	Respond to of 35685

I am the penguin to Batman(voltaire). We have sparred before and will again. Tom knows I like him on a personall level but just dont agree with what he has to say. As for REAL market analysis it looks like the Nas has a ways to go before a bounce. The VIX needs to be atlest 38 and we need topoff volume and big reversal day. My guess is 3000 and then a tradeable bounce. I think the long term is still bullish but in the next 6-12 months it will be rough. The interest rate picture is just being understood. We are instore for at least 2 50 BPH. That is not yet priced in. Oil is not getting cheaper either. If the dollar falls kiss your ARSE goodbye!

To: Clappy who wrote (18021)	5/10/2000 7:05:00 PM
From: marginmike	Respond to of 35685

I am the penguin to Batman(voltaire). We have sparred before and will again. Tom knows I like him on a personall level but just dont agree with what he has to say. As for REAL market analysis it looks like the Nas has a ways to go before a bounce. The VIX needs to be atlest 38 and we need topoff volume and big reversal day. My guess is 3000 and then a tradeable bounce. I think the long term is still bullish but in the next 6-12 months it will be rough. The interest rate picture is just being understood. We are instore for at least 2 50 BPH. That is not yet priced in. Oil is not getting cheaper either. If the dollar falls kiss your ARSE goodbye!

To: Clappy who wrote (18021)	5/10/2000 7:12:00 PM
From: marginmike	Read Replies (1) \| Respond to of 35685

I am the penguin to Batman(voltaire). We have sparred before and will again. Tom knows I like him on a personall level but just dont agree with what he has to say. As for REAL market analysis it looks like the Nas has a ways to go before a bounce. The VIX needs to be atlest 38 and we need topoff volume and big reversal day. My guess is 3000 and then a tradeable bounce. I think the long term is still bullish but in the next 6-12 months it will be rough. The interest rate picture is just being understood. We are instore for at least 2 50 BPH. That is not yet priced in. Oil is not getting cheaper either. If the dollar falls kiss your ARSE goodbye!