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To: marginmike who wrote (132128)	10/31/2001 12:23:55 PM
From: yard_man	Respond to of 436258

$BKX could die right here -- same for retailers, but your stops will take you out if that happens. I keep looking at the telcom trash -- and that gap ... could go either way, but if it breaks down here ...

To: marginmike who wrote (132128)	10/31/2001 12:34:16 PM
From: NOW	Read Replies (1) \| Respond to of 436258

the bond maneuver was brilliant ST strategy was it not? WHY was it really done though: my guess is as a gift to JAPAN. They can take their profits home now without fear of missing more upside?

To: marginmike who wrote (132128)	10/31/2001 4:27:33 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<All the charts I see need some up to complete H&S(see MSFT). I also think ST the stimulus of lower rates will sustain the credit buble a bit.>> I'd avoid the banks long right now...some of their worst nightmares are in the process of coming true (ENE, Argentina, derivatives). As far as lower rates and reliquification go, I'm not gonna worry untill C&I lending turns up, it's been a reliable canary in the coal mine throughout the rate cutting...and it's at a recent low and still dropping. stls.frb.org Frankly, I think the 3rd phase of the bear is just beginning, it may largely be finished by the end of the year, after the final round of tax-loss selling occurs. And all of that assumes NO new terrorist actions!