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To: AllansAlias who wrote (22712)	11/27/2001 11:25:16 PM
From: yard_man	Read Replies (3) \| Respond to of 209892

80% is your number then -- is that a rule of thumb or a target given current conditions? seing the bears give up is kind of a subjective call, no?? Tons of them have been giving up -- there will be some outstanding short interest when we make an intermediate turn. What do you mean by give up -- a huge squeeze that propels the daq 10% in a day? what? not saying this to be critical -- just wondering about your measures -- how much is a given sentiment level you are looking for 'absolute' or 'relative', i.e. guided by recent history ...

To: AllansAlias who wrote (22712)	11/28/2001 1:23:42 AM
From: john722	Respond to of 209892

Allan. Friday is the last Friday of the Month and I would bet that a lot of MM's are short and need to get stock to settle their books. And of course we all know that they pay "lower" not higher prices, so, I am expecting a decline. This of course is my guess and not a prediction. We touched (actually went 2 points higher) than the July 10 close of 1963, and turned back. Tomorrow is 47 TD's of this leg up so I don't expect much more (Will Lucas or Fibonacci rule this rally?) P/C ratio is still a little high for my taste, but that can be quickly corrected with another push. Getting real interesting now.