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To: martin001 who wrote (10116)	8/16/2001 9:04:18 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Someone asked me where we are in the favoured SPX count. Looking at the SPX chart from this weekend's post named "SPX S-T Bear Scenario Favoured", the pop from Monday and Tuesday morning fulfilled the little up on the blue line and since it turns down (of course, this does not mean down without bounces, small and large). It's the first chart: geocities.com

To: martin001 who wrote (10116)	8/16/2001 9:08:36 AM
From: AllansAlias	Respond to of 209892

So, the futures have little chance of recovering here for a decent open. Things are oversold, but hey, surprise down comes from oversold levels, otherwise it wouldn't be a surprise. No, the strategy for a weak open is to pray for a filling of the gap so that one can get good short entries. I won't be cute either, trying to nail the top of any opening bounce. If this is one of those days where a gap-down over support recovers and heads up, then fine, I'll be wrong but at least I will have played the odds. Best of luck to everyone.