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To: craig crawford who wrote (114672)	1/6/2001 7:48:42 PM
From: GST	Respond to of 164684

Craig -- cut down on the coffee :)

To: craig crawford who wrote (114672)	1/8/2001 7:42:39 AM
From: allen menglin chen	Read Replies (1) \| Respond to of 164684

Craig and all, some good TA readings on the market Message 15135361

To: craig crawford who wrote (114672)	1/9/2001 11:26:03 AM
From: Moominoid	Respond to of 164684

Great post!

To: craig crawford who wrote (114672)	1/11/2001 2:26:22 AM
From: craig crawford	Read Replies (1) \| Respond to of 164684

Well I guess we will put some of my crude technical analysis to the test here soon. Some of you bears impugned my analysis of the volume relating to the retracement on the Nasdaq, refuting my claim that 2.1 billion wasn't all that heavy volume on the pullback. Well on the three down days following the Fed ease we had successively lower volume each day. On the third day volume was extremely light all day until the Nasdaq turned a 110 point loss into a loss of only 11 at the close. Of course we have rallied for the last two days now. The volume today was quite strong at 2.47 billion--up from yesterday's 1.97 billion. Market breadth was good as well, with advancers beating out decliners better than 2:1. We closed near our highs and shrugged off bad news (CSCO, PG&E) for the second day in a row. (Yesterday NOK). Up volume was better than 3:1 over down volume. There were even more new highs than new lows today on the Nasdaq! The NYSE looked good as well, with market breadth today near 4 month highs. So by all accounts this is the kind of positive action you would want to see on a rally. Now here comes the but! --Yahoo came out with some news that the market was clearly unhappy with. --The Globex futures as I write this are at or near their lows for the session (NDX down 34.00 and S&P down 5.80) --The Nasdaq hasn't been able to mount a three day winning streak since Sep 1st (almost 4 1/2 months). --The Nasdaq is not too far away from some major resistance levels. --Japan closed at 27 month lows. --Sentiment seems to have improved a bunch in the last couple of days. Bulls are all charged up and cocky, emboldened by the ability of the Nasdaq to rally late in the day and shrug off bad news. I would say there is not a lot going for the bulls tomorrow morning. Yet some basic indicators are showing signs of strength, pointing to higher prices down the road, so I can't help but remain steadfastly bullish over the near-term. We will know soon enough...