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To: excardog who wrote (87171)	2/14/2001 12:28:32 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Excardog. When W.S. "pumping" is widespread and vigorous? Yes, IMO it's one of a number of good contrary indicators that can evidence a top. Big Wall Street Brokerage houses do a great deal of block trading for their own accounts as well as "run interference"(g) for large clients like prominent hedge funds and aggressive mutual funds. Supposedly there's a "chinese wall" between analysts and the firms in house trading operations. But I stopped believing in the Easter Bunny a long time ago. In my experience pumping and bullish outlooks are often used to help move the firm and a few favored private clients out of important long positions. And of course they're most anxious to move long positions whenever their own in house TA and FA tells them the sector is forming or close to completing an Intermediate Term top. Isopatch

To: excardog who wrote (87171)	2/14/2001 12:32:15 PM
From: Timelord	Read Replies (3) \| Respond to of 95453

excar IMHO, we are at a near term top, and I have posted some short plays to Razor to back up my opinion. While I don't use these indicators in my day trading, the MACD is a day or so short of a turn, while the stochastics have crossed and have signaled a turn. siliconinvestor.com For me, this is only a confirmation of what the tape is telling me. Be advised, this downtrend can turn on a dime, and I am fully prepared to admit my early foolishness and cover, but a down trend is what I am seeing now. For targets, there is a gap at 126.64 that will probably be closed. The other gap at 111.02 will eventually hit, but it may take quite a while. That's too far for my myopic vision. <g> Alex