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To: AllansAlias who wrote (91111)	4/6/2001 3:30:34 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 436258

Commies are still short about 55k spoo contracts - down about 9k from last week. Ho Ho Ho! cftc.gov

To: AllansAlias who wrote (91111)	4/6/2001 3:34:24 PM
From: JRI	Read Replies (1) \| Respond to of 436258

Bring on the 3 down on ! ....would be lovely to see a tank in last 30 minutes here...I'm 50% loaded...will deploy other 50% on a break of 9700/1700...

To: AllansAlias who wrote (91111)	4/6/2001 3:37:20 PM
From: Shack	Read Replies (1) \| Respond to of 436258

Yikes! I smell an island coming. Lets call this one "Isle of American Spirit" in honour of his/her visit during this time.

To: AllansAlias who wrote (91111)	4/6/2001 6:56:36 PM
From: Perspective	Read Replies (2) \| Respond to of 436258

OK, so where was the a-b for tech? I see a completed three-wave corrective structure in the Dow pretty clearly (visible best on hourlies). There you obviously have four complete waves down off the Feb. top (easily visible on the dailies). The ABC up that we were looking for a couple of weeks ago unfolded pretty much as expected, despite our attempts to call it prematurely complete. However, I don't see the a-b on tech. What I get when I read tech is that yesterday was a 1 or A and today we completed a 2 or B down. That would leave either a violent 3 up, or a C that may or may not make significant new highs. A 3 would imply many more days of up, and jibe with my gut that says we're overdue for a multi-week rally, and say the major cycle turn is indeed an upswing. A "C" could produce a high on Monday, and would imply another impulsive wave down and failure of any nascent basing structures, which would make the cycle turn a high. I'm fairly confident in the Old Eco call, so I'll probably work that angle. Then, if it looks like tech is outperforming Dow handily, it would indicate that the Naz rally might coexist with the Dow decline. I'm interested to hear your thoughts. BC