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To: AllansAlias who wrote (4661)	6/12/2001 8:35:56 AM
From: JRI	Read Replies (1) \| Respond to of 209892

Here's a scenario that I like (and works well with the waves I think).. Today, we complete our 5 of the (impulse) 1 with a break of 2150....could lead to 1st test of 2100... The rest of the week, we A-B-C up in a corrective 2...likely a flat, for it has to last until Friday.. I like this scenario, for Max Pain on QQQs is supposedly 46....so, we should be close to today's levels on Friday... also, (after this morning's down)...Tuesday-Friday up allows us to back kiss the breaks that will be happening today on a lot of charts....let's go back and back kiss these broken trend-lines and then really break down.. Also, this would set up the 3 down, starting Friday or early next week......in perfect timing for end of options ex, Heinz's turn date, a confirm of head-and-shoulders pattern and other breakdowns, etc....It makes sense to me that a break of 2100 is going to bring a ton of selling...and will likely happen in the 3 of a 3... According to the stochastics that I follow, weekly and daily COMPX have now rolled over, so we should be in a lame period for COMPX for the next couple weeks, and I don't see where it gathers the strength now for new highs given all the damage, although am open to arguments....I'm no longer concerned about MSFT decision...sounds like a positive result already priced in...

To: AllansAlias who wrote (4661)	6/12/2001 9:12:48 AM
From: Perspective	Read Replies (1) \| Respond to of 209892

Well, barring some miracle, BTK will yield the support line today. This appears to be a pretty significant break. Coupled with the NOK news, we may have the catalysts necessary for this thing to start rolling. As usual, everything depends upon fund flows, but I think they're becoming less and less of an issue with passage of time. The funds got a shot in the arm from everybody who didn't want to "miss out" on all the upcoming fun. We'll see how excited they are about being involved in a retest. We look poised to open right at or below yesterday's low. If we take it out, I'd assume we're in a fifth wave down. BC