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To: Shack who wrote (7449)7/18/2001 1:48:33 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
Wow, this is scary....I find myself on the opposite side of the short-term fence w/you and Heinz..

I was actually expecting a HIGH tomorrow.....expecting some ramp into IBM...and then IBM telling the lies that get us higher, until we crap out late tomorrow/early Friday (maybe hitting upper channel line or close)...I don't see any room in Velo's daily stochastics for a sustained up move here (not for an entire week, or even 2, anyway)....so I think tomorrow would rather be a HIGH..

Also, week after options ex usually a sell-off time....and I am not a big fan of rallies in 2nd half of July....

This will be interesting....Believe me, I am open to you guys argument..

** The only other way I could see you guys be right is if we, somehow, jello up/flat/up next week, and get the daily stochastics way way over bought, and we do a fake break of the downtrendline off highs..(I guess this is what John M. was referring to...)