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To: velociraptor_ who wrote (37502)5/1/2002 8:33:32 AM
From: AllansAlias  Respond to of 209892
 
We disagree. We can have a helluva debate about the character of the down, whether it's just corrective or not, but to me, this is immaterial. Imo, it has gone far enough now that it will continue to feed on these eager dip buyers until they back off.

If I am wrong, well I have my hedge -- the long I got late Monday at NDX 1240 or so as part of my plan to buy on a test of the 1220 area. I am thinking I will not have this long by Friday afternoon.



To: velociraptor_ who wrote (37502)5/1/2002 9:39:12 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
I did not get out of the long yesterday as I expect another push to finish this bounce. However, perhaps the principal chart that argues against that bounce being any good (or happening at all) is MSFT.

Take a look my friend. No way to see MSFT as starting anything significant. Sure looks like that thing wants another low, and we ain't going anywhere in the broad market without softie.


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