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To: re3 who wrote (11001)	8/24/2001 11:39:40 AM
From: Paul Shread	Respond to of 209892

I'm showing a boatload of resistance around here: cache.wsrn.com TRINQ hasn't backed off at all; it could get through.

To: re3 who wrote (11001)	8/24/2001 11:45:43 AM
From: JRI	Read Replies (1) \| Respond to of 209892

I bailed for a small loss back there (didn't go full out, so not as bad)....I find it weird that the market would rage out from current sentiment levels....this rally may be doubted, and fueled by short-covering, but there are still too many looking for "da big bounce"...so I remain skeptical of the longevity of this... Hard to argue with tape though (tried, lost this morn)...I need to go back and revisit bull arguments to see if I'm missing anything...

To: re3 who wrote (11001)	8/24/2001 11:50:12 AM
From: JRI	Read Replies (5) \| Respond to of 209892

Let me make one, last bear case...what if that blip above NDX 1560 (break of upper line of the channel) was just a short-covering panic....and that a few moments ago, when we should have seen follow-thru...we didn't (and hence we are falling now)...and that the upper trend line has held and we going to see down now? This could be just a pullback with/after a srong 3 move, or it could be the end of the C (I think the C is still valid)...but the think HAS to pullback here strong for the near-term bear argument to still have any credibility, IMO.