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To: AllansAlias who wrote (2495)	5/13/2001 9:13:01 PM
From: The Freep	Respond to of 209892

Call this random musings. . . Lots of signs point to a bounce til the Fed (probably not a huge bounce, but more than a point or two). And the last two Fed cuts at regular meetings have been met with a selloff. Third time the same?? A quick read of trader-type boards on SI and elsewhere pretty much sees everyone with the same thought: rise then selloff. And since I, like most here, still expect at least a retest of 2000 on the Naz, and probably lower, it makes sense. But. . . What's different this time? There's some grumblings that the Fed might only do .25, so will .5 be a pleasant surprise (the reverse of last meeting when the .75 rumblings appeared a few days before the meeting)? Also, it's options expiration week, which not only tends to be up BUT. . . . Well, let's face it: a few of us here are thinking we can buy some cheap puts for that post Fed decline. Might there be some options related activity to keep the market from sliding too much during this week? (Although, again, there aren't a ton of max-pains above where stocks are today). I dunno. The expected seems too expected somehow, and that makes me nervous (even though I expect it, too). the freep

To: AllansAlias who wrote (2495)	5/13/2001 11:24:03 PM
From: Shack	Respond to of 209892

Yup. I am seeing a nice bounce tomorrow although we may take a quick visit to the sub-2100 level. Bouncing to 2150 seems likely to me. If the bounce does not materialize, then 2090 is my first line in the sand for the COMP. If that goes, I have a potential parallel channel (slight incline)drawn in on the COMP from April 19th, that's my next line in the sand (lower line around 2050). After that lies COMP 2000 and then a big gap.

To: AllansAlias who wrote (2495)	5/14/2001 1:15:58 AM
From: JRI	Read Replies (1) \| Respond to of 209892

AA- For what's it worth...rarely have I seen so much unanimity among the threads/posters I follow: Almost everyone to a t sees a pullback in COMPX coming, most to around 2000, and some to 1850......Most, however, see a rise or range after that (don't see many looking for a complete tank here...) Of course, this is all post-Fed....As I posted Friday, I see an up bias for the next day and a half, and I actually welcome it....would love to see smaller-time stochastics get overbought into Fed meeting... (I also like the Ameritrade index lately-g)