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To: JRI who wrote (17267)	10/19/2001 11:14:17 AM
From: AllansAlias	Respond to of 209892

Market is so heavy. I get the feeling if it were not for Friday/options-ex, it would just cave. Of course, this is also the feeling that one gets as they draw in shorts and puts before igniting a short-covering rally. Dow is nicely oversold right up to about the 2hour timeframe. The jello-phase notwithstanding, and that's where are are now (for rest of day probably), deeply oversold charts may me wary of a strong bounce. The alternative is a waterfall and that's never the odds bet.

To: JRI who wrote (17267)	10/19/2001 11:48:18 AM
From: AllansAlias	Respond to of 209892

Hmmm... We had the backtest of the triangle and are not printing new lows. If we are just morphing into a more downsloping triangle per the previous post on this mess, then it'll be a headfake marginal low before the bounce. Only hint that break might come is noticeable increase in volume. (Maybe that's jsut the chart-chasers getting stopped out and/or selling the possibility of a break. I'm not doing anything.)