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To: JRI who wrote (8385)	7/31/2001 11:01:09 AM
From: AllansAlias	Respond to of 209892

Yeah, I am to the point where I could care less about missing a single move, like I did this morning. As long as we get out of this range we'll see better op's. BTW, one thing that I should have paid more attention to this morning was that significant breakout in non-tech. That should have told me to get long tech. However, after days of jello, one just begins to distrust the field. At times like that, I think the only sensible thing to do is to sit back and wait for better opportunities.

To: JRI who wrote (8385)	7/31/2001 11:03:56 AM
From: AllansAlias	Respond to of 209892

Top of the big NASDAQ wedge out of the May highs is around COMPX 2080 and NDX 1730. As you know, this morning XMI broke the back of its downtrend out of the May highs. JRI, you should have seen the stops go off when the futures broke upward. Tons of 'em.

To: JRI who wrote (8385)	7/31/2001 11:05:58 AM
From: marginmike	Read Replies (1) \| Respond to of 209892

JRI- a rally is needed to get the Bulls frothed, lower Rydex and SS sentiment polls to become bullish again. We will soon hear on CNBC about all the big traders coming back from break who will buy this ludicriously cheap market-g-. I figure 2-4 weeks of up and sideways will take care of rydex and sentiment. The vix is still to close to 20 for anything really BIG IMHO. I am long BKX/QCOM/QQQ's since late last week and will take my profit by tomorrow. I, like Allan like a bite of the middle. If the Sox would bless me with the chance to short @ 640 or better I would be a happy soul.