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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (1402)	2/27/2002 4:24:28 PM
From: Rich1	Read Replies (1) \| Respond to of 207832

Carpino has tomally Friday as the low..which would be a higher low and then higher so we will see..

To: GROUND ZERO™ who wrote (1402)	2/27/2002 5:13:10 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 207832

>>My guess is you got stopped out of your 09 short?<< No... I used a 5 point stop for the mini and will hold over night. The SPX market responded to a 15min forks lower tine at the low of 11:02. Not very strong. But today's price and the last 3 days have hit two solid median lines on the daily charts of forks looking down and they couldn't close above them.

To: GROUND ZERO™ who wrote (1402)	2/27/2002 5:27:18 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 207832

GZ, You've often talked about the psychology of the market and the place that greed and fear have in determining the price movements. Enron and all the potential accounting problems have added an element of caution to the buyers. I believe prices would go higher quickly if this particular element to the market was not there. The buyers are waiting patiently for a clear signal the Bush administation is doing something to clean it up. But what is really sick...., ie that much of what these MBA's did is not illegal, and taught in the Masters programs of our best business schools. WSJ article mentions today that Enrons pension program has been robbed and is found to be extremely under funded, so bad that the government program established to bail out bad pension funds may need to be used. So combine this with Japan, we've got the makings for a market psychology that might produce only a slow grind upward at best.