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To: yard_man who wrote (144948)	1/20/2002 6:28:44 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

I have watched posts about RYDEX from expert BB, who was calling for a rise last week on the Naz. On a more serious note, there is a thread devoted to this issue, forgot the name but I have it bookmarked and watch it on occasion. I have my own theory, however, an that is the theory of the turn. If people are taking $ out of funds and putting them into something that shorts, that is two ticks down. One on the redemption, another on the short of the QQQ. When it turns we could get a snap back, and that might happen as soon as Tuesday. However, I think sentiment has changed from bullish to neutral(at best) and some might be looking for one more bounce to get out or short. Well, maybe that bounce does not happen! Everyone was waiting for a retest of the bottom in Nov (that never happened). Did it occur to anyone here that waiting for a retest of the Dec high might not occur until we drop significantly first? Any rally is DOA, IMHO, at about QQQ 40. We might not get that far at all. M