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To: JRI who wrote (9848)	8/11/2001 2:56:32 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

JRI, but rally for how long is the question Until we get some convincing upside volume I would think that any bear market rally would only last 1-5 days. Since our mid-May rally, we've seen declining volume on each rally since then. Not enough of the sidelined money is convinced that it's time to step in yet, and I can't blame them with lousy earnings reports still coming in, and probably will continue to come in until January at the earliest. Notwithstanding rate cuts, good consumer spending, and whatever other bull argument presented lately, investors will continue to cry "show me the money" on earnings news before they're convinced a turnaround is at hand. Until then we'll just meander along with only the big houses and the very short term traders playing around. And the volume from those groups probably won't produce enough volume for a sustained move, IMO.

To: JRI who wrote (9848)	8/11/2001 3:32:14 PM
From: Shack	Respond to of 209892

If we indeed rally this week, we are starting this rally (or bounce..or whatever) from a bearish position in the 'sentimeter'. Rydex ratios still low at .22 with a 1.3 billion money market number. That mm figure is at the low end of our recent range and tells me the coming rally is not sustainable (if we even get one.) If the mm number goes much lower we will be into numbers we saw during the late May high. We've all seen the open interest numbers on the QQQ options (ORCL and CSCO are others which give me a chuckle). No matter what the chat board consensus is, I must agree that any coming rally will be short lived. A real kick in the ass would be down right form the git-go.