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To: AllansAlias who wrote (9479)	8/8/2001 9:20:14 PM
From: The Freep	Respond to of 209892

Ameritrader: 8/7/01,55.61% 8/8/01,71.36% Exodus and Cisco top the buy (and sell) list. the freep

To: AllansAlias who wrote (9479)	8/8/2001 10:09:29 PM
From: Perspective	Read Replies (1) \| Respond to of 209892

AA - I'm not sure how this fits into the bigger picture, but then again, maybe it doesn't matter. Pull up an SPX daily. Start counting off the May short-covering high. I see a valid impulse downward 1 - sharp 2 - 3 - flat 4 - and 5 ending the first week of July. Then I see all the rest of July as a bigger flat which ended four days ago. If this is a valid read, then we're in 3 or C down. I'd think today was 3 of 1 inside that major move. The important thing to realize is that, if this is true, the bulk of the "C" or "3" remains. It isn't necessary to know if the resolution will be up or down, because both scenarios point down for the next couple of weeks. Going further back, to March, perhaps the prior nontech up wave was not an impulse as we've assumed. Maybe our supposed 1 & 2 at the end of March were in fact 4 and a failed 5th of the previous downleg. Then we have a synchronized corrective three wave pattern up in both tech and non-tech. This new downwave in non-tech that launched off the May top would have to be read as a leading diagonal of sorts in tech. It's ugly, I'll admit, but it's all I can make of it. I know the July activity certainly had the feel of a flat correction with A=C. Ummmm - this would also tie in with my gut feel that Naz 2001 = Dow 1931... BC

To: AllansAlias who wrote (9479)	8/9/2001 8:39:55 AM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Alan, what are they talking about as far as oversold TRIN readings? Do you know anything about this for a fact? I've been hearing about this since Richard Arms appeared on CNBC with some charts going to 1980 to support his assertions. I looked for myself on stockcharts.com going to 1990 (as far back as it will go) and I didn't get any TRIN data before 1992, and a 50 dma of 1.16. In other words we don't look any more oversold now than we have all year. The $TRINQ is not much different. stockcharts.com[m,a]wac... I hope that someone can post a chart that showed Arms' data so that we can see what he was referring to.