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To: pater tenebrarum who wrote (98218)	4/26/2001 6:05:36 PM
From: Shack	Read Replies (1) \| Respond to of 436258

I know you are popping in on the e-wave thread so you're likely aware we believe a 5-wave c has begun today. It looks like it will carry into the May 2 low which means, despite how seemingly ridiculous it sounds, I will be buying calls next week.

To: pater tenebrarum who wrote (98218)	4/26/2001 6:14:28 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

Got a target for this thing? charts.quotewatch.com Jim

To: pater tenebrarum who wrote (98218)	4/26/2001 7:39:27 PM
From: ild	Read Replies (1) \| Respond to of 436258

i've begun to re-enter puts today... OK. That's why the market went down. -G- What's you got?

To: pater tenebrarum who wrote (98218)	4/26/2001 9:52:52 PM
From: Brom	Read Replies (1) \| Respond to of 436258

The following from my account manager Steve Henning this afternoon sums it up. "Given the facts that are being presented one-by-one by tech companies, it's worth reiterating that the profits aren't here to warrant pushing P:E's even higher and they aren't on the horizon. This looks like every other major recession where investors fight it all the way down, refusing to admit 1) how bad it is and 2) how much worse it can get. Right here and now, those are the tracks in the sand." Precise Buy Signals at buysignals.com best, Brom

To: pater tenebrarum who wrote (98218)	4/27/2001 9:41:18 AM
From: Self-Retired	Read Replies (2) \| Respond to of 436258

Interesting...Remarks by Chairman Alan Greenspan The paydown of federal debt Before the Bond Market Association, White Sulphur Springs, West Virginia April 27, 2001 "Thus, the elimination of Treasury debt does remove something of economic value, and it will require that significant adjustments be made by market participants. Indeed, with marketable Treasury debt held by the public--that is, excluding the Federal Reserve but including foreign central banks--having declined about 20 percent in recent years, to less than $2.5 trillion, some of these adjustments have already begun. Reportedly, firms have increasingly turned to swaps, agency securities, and even larger corporate debt issues to do their hedging. After a period of transition, such shifts arguably should not have any significant adverse effect on risk management. As hedging activity moves from the shrinking Treasury market to alternative markets, the liquidity of those markets should improve. Yields on the alternative hedging instruments likely will track at least as closely with those on instruments commonly being hedged as do Treasury yields. Similarly, the loss of Treasury securities as benchmarks seems unlikely to result in major difficulties for market participants because alternative benchmarks are easy to envision. For example, in European bond markets, swaps are already the most common benchmark. Even in the United States, the Treasury bill market has lost its “benchmark status” in recent years, and has been replaced in that role by the eurodollar and eurodollar futures markets, with no evident adverse effects on the operation of short-term credit markets. All of these alternative assets, of course, involve some degree of credit risk. However, given sufficient demand, it seems likely to me that you or your colleagues could produce a nearly riskless security. For example, this could be accomplished with a very senior tranche of a collateralized debt obligation backed by high-grade corporate debt. " federalreserve.gov