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To: NOW who wrote (36027)	4/10/2002 2:46:51 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

I think there might be short covering, but there might be buying off the NDX retest of the Feb lows. We're pretty oversold, particularly in tech. . . the Dow is showing strength, breaking from a long downchannel. I realize it's easy to be bearish, but sometimes there's gonna be bounces along the way to zero <g> That said. . . vix heading to 20 again, the S+P isn't yet confirming the Dow move, and we still haven't taken out 1770 naz, which seems to have become a major pivot point. And no, I didn't buy the test of 1330 NDX (coincident with the double bottom on the Naz, no less), nor the Dow breaks (10275 or 10325), so I'm still waiting to be convinced this isn't just another intraday silliness. the freep