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To: At_The_Ask who wrote (36639)	4/22/2002 2:39:03 PM
From: Clappy	Read Replies (1) \| Respond to of 209892

It must be rally time because all three indexes look terrible to me. If you listen closely, you might be able to hear Greenspan firing up the printing presses... <g> <ng> They've been quiet... Actually draining liquidity as of late. I just wonder how much he can print without causing the dollar to fall further.

To: At_The_Ask who wrote (36639)	4/22/2002 3:03:13 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

ATA -- I'm just curious. If you see declining wedges (which tend to resolve to the upside), how come the only bullish possibility you see is an island reversal? Mind you, I'm flat here, and I'll happily let the wedges prove themselves without me, but I am curious if I'm missing something from your comments: why is an island reversal the only bullish take? (Then we can discuss what on earth gets us an island reversal, but that's one I'll pass on, thanks <g>) the freep

To: At_The_Ask who wrote (36639)	4/22/2002 9:46:22 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

<<It must be rally time because all three indexes look terrible to me. >> Reviewing this morning's Mat Onischka... So far the lows managed to remain “above 1330”, retaining the bullish potential. We'll see soon. I felt inspired enough (g) to start nibbling Q's this afternoon. 'Critical' support 1320. Note the curious cycle remarks. Excerpts: <<Depending upon trend dynamics even a test of the lows is conceivable with 1.320/1.330. This decrease receives the label as Wave b '' . Consequently still another Wave C directed upward is missing '', which - depending upon terminator point of the Wave b '' - can bring even prices until 1,475 points with itself. A condition for it is however the change of direction above 1.330.>> <<On daily basis far outweigh the sales signals. A differentiated view is however necessary. Apart from these basic tendencies bullische divergences formed, which are in connection with slowly sinking Vola indicators as a rule harbingers for a signal change. Whether from it however more than only one intermediate correction arises, cannot be determined. The Zyklik wiess for the second week half on a significant bend point. As it, it looks now a salient extremum will not concern. The next significant date lies in the last May week, thereafter first July week. Result: The technical signs are to be evaluated at best as neutral. A lateral movement on the current level probably seems, so that after a weak week start an upward wave into the middle 1.400-er is realistic range. Profits over the Chartmarke of 1.475 outside are rather improbable from current view. If the NDX should not defend the Chartmarke of 1.320, it can happen, break dass all ' dams ' and follow fast deliveries until under 1.200, possibly even 1,000 points. Because of that so far little convincing Intraday samples remains the market risk hoch. >>