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To: Shack who wrote (90005)	4/4/2001 3:35:46 PM
From: Ralph W.	Read Replies (2) \| Respond to of 436258

KSS didn't quite reach 58, Shack. Looks on it's way to test that 54 area. Maybe.

To: Shack who wrote (90005)	4/4/2001 3:36:45 PM
From: JRI	Read Replies (3) \| Respond to of 436258

Shack....I'm short QQQs and SPYs as of 15 minutes...my logic? If Friday/Monday is a turn, then Friday/Monday likely to be the "low" and not the "high" (so we are going down the next couple days)...if, indeed, it is the high, then there is not enough time for a huge rally, so upside is limited.. Also, your note about Soxx breaking resistance (that its tough to rally w/that...) I agree...also, its clear from today, that the market can't just "rally oversold" with out a big catalyst (be it a "fear bottom" or something)....too many still looking to get out, too many shorts lickin' their chops (and shorting every bounce), and too many margin folks etting killed.... Technically, I don't see where the Naz can support itself here.....but I haven't checked lately....I am thinking on holding overnite....no big warnings yesterday, thinking maybe we'll get a big one tonight... (Contrarian in me says...if we don't get anyones tonight...maybe the market will get a little courage)...Whadda thinking?