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To: The Freep who wrote (34564)	3/19/2002 6:15:26 PM
From: Shack	Read Replies (3) \| Respond to of 209892

Perusing a few charts, it would appear that many tech stocks look like they are missing a wee bit o' corrective up, but most do look poised for another leg down. Also Smelly had a clear 5 wave move down off of March 8 and is bound to have a brother. A strong book to bill sets up a gap n crap. Anyone know when that comes out?

To: The Freep who wrote (34564)	3/19/2002 6:16:06 PM
From: ajtj99	Respond to of 209892

Yeah, Freep, the Dow is in an extremely narrow range right now. I'd peg it at 10,550-10,675 right now, about 125 points. It is gradually inching up along that rising resistance line. I remember the day after the Fed cut last year when they repo'd a ton of bonds at 10:00AM or so the next morning, and the Dow just shot out of the gate. I'm not sure we'll see that kind of monkey business this time, as PPT has had to deal with much worse recently. VIX, VXN, Put/Call all seem bearish. That's why I'm thinking one more artificial up day tomorrow before we get slammed. Either way, I'll be watching the pivot low at 1497 to see if it holds. If it doesn't, I'm putting it. I'm not touching the Dow right now. That one is ready to explode, but probably not without the techs riding along. When the tech correction is done, I think the Dow will be ready for the next leg up.