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To: sun-tzu who wrote (139326)	12/19/2001 5:58:27 AM
From: sun-tzu	Respond to of 436258

Chris Schumacher on MARKET 12/18/01 3:36 PM ET A trader friend of mine and I were looking through the ranges this year, trying to find a more narrow range in the NDX. With the exception of a day in August, we can't see any other range as tight as the one we have today. Perhaps it's due to holiday trading where no one really wants to be too active. However, when I find that things become this narrow and somewhat lifeless, I'm instead for something bigger that is about to happen, specifically some kind of sharp movement overall. After that more vertical movement 10 days ago in the NDX, I'm struggling to get confidence in more upside even in the face of this huge pool of liquidity that brings people to this "buying the dip" mentality that started a couple months ago. I rarely take large positions ahead of the holidays, simply because when I leave Friday, I want to focus on my family and friends (especially this year) rather than market movements. So while my bias is still in a downtrend mood, I will be waiting for the New Year to really be aggressive in looking for some of those lower supports at 1555 and 1490 in the NDX to be tested.