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To: JRI who wrote (12297)9/6/2001 12:54:41 PM
From: martin001  Respond to of 209892
 
WTF?! MSFT just jumped a point

Futures running hard.



To: JRI who wrote (12297)9/6/2001 12:54:41 PM
From: AllansAlias  Respond to of 209892
 
Yup. Big negative tick and no price movement. I am SAR'd long.



To: JRI who wrote (12297)9/6/2001 12:55:41 PM
From: marginmike  Respond to of 209892
 
its tough to gage negative sentiment when youve had a great month trading-g-. This is a brutal decline, and I feel trully sorry for the LTBH guy's. I remember in 1998 waking up sick every morn when the futures were lock limit. I held though, despite the impending doom that never happened.



To: JRI who wrote (12297)9/6/2001 12:56:02 PM
From: UnBelievable  Respond to of 209892
 
You Used Log Charts When You Calculated The Support At 1:00 Of Course <gg>



To: JRI who wrote (12297)9/6/2001 1:03:30 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
I ain't hanging around. Booked a full long position scalp and will watch for a spell.

Elliott-wise, I don't know about the spoos, but I am tracking this pop as the first leg of the last up move in a flat.

As always these days, orders under the market in case it decides to bring the myth alive.



To: JRI who wrote (12297)9/6/2001 1:07:17 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
BTW, as always, the bullish *alternate* is that the marginal low we just had completes this leg and we are just now entering some impulsive up. This is a tough spot because the last leg of a 'flat' counts as 5 as well. All one can do is be careful short and look for hints that it *could be* a big rally. I remain skeptical that it's anything more than a flat until price teaches me otherwise.