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To: JRI who wrote (16712)	10/16/2001 2:36:19 PM
From: The Freep	Respond to of 209892

JRI. . . if we gap up on the strength of INTC and IBM announcements, that would imply upgrades, decent forward looks, and the like. In the current market, those moves up have NOT been followed by moves down. So, the question then is. . . will it signify a top and a reversal of recent trends? Or can we be surprised to the upside? For me, I'd be surprised with a close at 1740 and a gap up. But then again, I've been surprised a lot lately! I wonder, too, if Intel will say anything about capex, rather than re-re-re-re-reiterating 2001 expenditures <g> the freep

To: JRI who wrote (16712)	10/16/2001 2:37:38 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

If the 'ending diagonal' is in play, then this is a wee 2 pullback. Gotta hold right here though: say, 1376 on NDX and 1698 on COMPX. (In ending diagonals, you still should discern a 5-3-5-3-5 pattern of a normal impulsive wave, but, the waves overlap, that's the difference.) Dow looks ugly. What a mess. Bulls better hope that was not a bear flag we just fell out of. Take a look off the top using, say, a 15min chart. If it is, then the target would be something in the 9250 area.

To: JRI who wrote (16712)	10/16/2001 2:37:41 PM
From: 1podstock	Respond to of 209892

JRI..never bet against IBM--analysts know all about its earnings and projections going forward, despite RegFD. Same for GE. These two are heavily institutionally-owned; and they won't decline until after brokerages pump them up so institutions can sell to the lemmings who buy GE above $38 and IBM over $105. The smart money have gotten in 2 weeks ago. Now, it's just a matter of figuring out how to P&D it in a TokyoJoe manner, but without attracting SEC attention