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To: AllansAlias who wrote (6236)	7/5/2001 9:20:09 AM
From: JRI	Respond to of 209892

Yup...however looks like PMI is doing better than futures....so we may gap down right above 2115, instead of below.....so, could go either way (again)....I was hoping for a gap thru 2115, and then a retest of support (as resistence) from underneath (2115)...looks like I won't get it... I still will likely play (short) any quick recovery from the gap down (for a quicky).....I think 2115 is a minimum (even if we head up rest of day), or a retest of gap down this morn (wherever that lands), if we launch at the open.... (As always, everyone due their own DD.....all IMO)

To: AllansAlias who wrote (6236)	7/5/2001 9:38:10 AM
From: JRI	Respond to of 209892

Big picture....I am trying hard to be a cool customer here....something tells me we have one more irrational leg up soon...sharp up, in a quick way... Shouldn't happen I know...but I still like that mid-July period for this thing to die a painful....a little more exyberence is what we need to really clear thing up... Still not playing this morn.... (As always, willing to turn on a dime)....short-covering going on now..

To: AllansAlias who wrote (6236)	7/5/2001 9:52:53 AM
From: JRI	Read Replies (2) \| Respond to of 209892

down doesn't have seem a lot of oomph so far...if it doesn't tank soon, I'll be thinking long...

To: AllansAlias who wrote (6236)	7/5/2001 10:11:22 AM
From: JRI	Read Replies (1) \| Respond to of 209892

Nice battle so far...no bets here.....would love one last, strong, irrational up wave (for a few days)....get complacency readings off the charts.... edit: wow, bulls making their move...we'll see what they got...

To: AllansAlias who wrote (6236)	7/5/2001 12:58:58 PM
From: James Strauss	Read Replies (1) \| Respond to of 209892

What Next After The 2175 Nasdaq Failure.... ****************************************************** A look at the 6 month Nasdaq chart showed a clear intermediate term downtrend punctuated by short term rallies that failed just below the previous peak's high... This created a downward sloping chart pattern... stockcharts.com A comparison of the end of April and end of June bottoms in the 2000 area shows a lower bottom in June... We will most likely retest the 2000 and sub 2000 area with a real battle for support in the 1900 area... bigcharts.com. A look at the 60 minute chart (one week) shows the beginnings of a technical breakdown... stockcharts.com[m,a]ea... 2075, 2050, and 2025 offer light support... After that 2000 and 1900 where the real battle will be waged... Jim