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To: AllansAlias who wrote (594)	4/21/2001 11:14:04 PM
From: John Madarasz	Respond to of 209892

Chart of the Week: bearmarketcentral.com ... if today's market seems a tad schizophrenic, there's good reason. Not only has the carnage been far worse in the Nasdaq Index, but the Nasdaq's technical underpinnings still look much worse going forward. Note how the NYSE Advance-Decline Line refuses to break to new lows... while the same certainly doesn't hold for the NASDAQ's A-D Line, which is anxiously leading the path down. Until breadth shows some stability for the battered technology-laden Nasdaq Index, this will remain a split personality market. investech.com

To: AllansAlias who wrote (594)	4/22/2001 1:21:47 AM
From: JRI	Read Replies (1) \| Respond to of 209892

* Semi-OT * Given the relative lack of new posts on Saturday, I don't mind posting this off-EWave post... AA- I am 2 minds here...a lot of the technical evidence and indicators I follow (including e-wave) are providing a real nice set-up for some drop here shortly...a lot of stuff in some real thin air, and a big wall to climb However, I have a couple nagging concerns...one being , that there is still a lot of skepticism about the rally. I am not speaking so much about P/C (which actually looks pretty good again..after the crack a couple days ago), but just the general feeling that many are still looking for the next shoe to drop. Also AAII numbers were very bearish as of last week...and although they could have changed this week....likely not up to extreme bullish levels again (yet). A scan of articles this weekend was chock full of "don't trust the rally yet"... Finally, the Ameritraders, so far, are not dying to get in this rally, and, also, as you pointed out, there are some strong(er) individual charts out there now, which potentially could signal more up... So, it will be interesting to try to play any run up into resistence early this week....If this market is trying to suck in all the suckers again...I don't think its done all its work yet......at end of January, just felt like everyone was more surprised at the drop...in fact, this move is very similiar I think to the January move....and that's what worries me......I don't like the "the market repeats itself" thing (not in the short-run anyway)...Too often, I've seen the market pull the total headfake... This time, feels everyone like more will be surprised if it just keeps going (upper 2's?).....at which point we'd really have some air to work with...likely much more bullishness...and some real possibility of "get me out quick" if the market started to tank.. Admittedly, the technical evidence doesn't necessarily favor this this alternative scenario, but just thought it might be interesting to chew.....Interestingly, I saw where L3's review of the charts makes him believe that a NDX 2200+ is not out of the question at all...