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To: Dealer who wrote (51090)	5/8/2002 11:50:49 AM
From: stockman_scott	Respond to of 65232

Jeff Bailey on the market... 5/8/02, 11:35:07 AM Jeff, Can today's actions be a Bear Capitulation !! No, not "capitulation," but perhaps "realization." As mentioned in this weekends wrap, the NASDAQ-100 Bullish % at 20% was a level of low risk and an alert to bears. All that Cisco's (CSCO) earnings did was affirm and then unleash the higher level of risk that bears were taking. Capitulation? No. When the QQQ reaches the $45 level, that's when we might start seeing some "bear capitulation."

To: Dealer who wrote (51090)	5/8/2002 2:10:41 PM
From: stockman_scott	Respond to of 65232

Market Commentary by Leigh Stevens 5/8/02, 1:34:55 PM Index Update: COMP - The Nas Composite appears to also be faltering at its upper hourly trend channel line and the 5 & 21-hour stochastics are crossing over to downside. If the COMP can't take out the intraday high at 1677.62, looks like this is an area to play for a short-term downswing. Unlikely, even if this is a bottom that its just going to up, up and away. Ditto on OEX and QQQ as far as their technical picture here. QQQ has gotten quite close to my projected resistance at 31.7 - intraday high is 31.51. If there is a decisive further advance taking out 32 on an hourly closing basis, then this would be a breakout move.

To: Dealer who wrote (51090)	5/9/2002 9:57:47 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Giant Glacier Falls Into Ocean Near New Zealand By Chris Baltimore ; Thu May 9, 5:57 PM ET WASHINGTON (Reuters) - A huge ice shelf 10 times bigger than Manhattan has plummeted into the sea near New Zealand, U.S. government scientists said on Thursday, adding urgency to warnings that global temperatures are rising for the worse. The news follows the March collapse of the so-called Larsen B ice shelf in Antarctica in the Weddell Sea near Chile -- which was the size of a small European country. The collapse on the Ross ice shelf -- in the Ross Sea near the Pacific Ocean and New Zealand -- is about 41 nautical miles long and 4 nautical miles wide. It was spotted by the National Ice Center in Suitland, Maryland, which analyzed infrared photos taken on May 5 by a military satellite. The collapse likely occurred over the last two weeks, a spokesman for the center said. The Ice Center gathers data for the U.S. Department of Defense (news - web sites), National Oceanic and Atmospheric Administration and U.S. Coast Guard (news - web sites). The collapse is a result of so-called calving, as constant motion by polar ice caps fractures the ice into sometimes-large fragments that float loose into the sea. Green groups pointed to the ice shelf collapses as evidence that emissions of greenhouse gases are causing global temperatures to rise and the polar ice caps to melt. For meteorological reasons, glaciers are one of the first indicators of rising planetary temperatures, said Kalee Kreider, a global warming (news - web sites) expert at the National Environmental Trust. "They're a canary in the coal mine for the global warming trend," Kreider said. Carbon emissions from power plants and factories have been linked to global warming, which scientists warn could lead to massive flooding and rising ocean levels. The United States is the world's largest emitter of so-called greenhouse gases.