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To: AllansAlias who wrote (38463)	5/8/2002 4:35:53 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

It's not impossible that today's move is the opening salvo for a sister move. Unlikely, but who knows... got to keep the mind open. I find it interesting how Mr. Market keeps inventing 'hard to trust' bottoms... like March-April, and then September of last year. Almost strange... like it's done on purpose, so as to keep longs from getting in too fast. This one, with a (possible) strong breakaway gap, would be a new version. Having said that, my 'preferred' scenario is not bullish, more along the lines you were showing... But the $33 area on the QQQ's and 1320-30 NDX are very strong resistance, and should tell the story.

To: AllansAlias who wrote (38463)	5/8/2002 8:04:50 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

Allan -- I'm curious why you didn't put on 1/3 of your short today, as that's the strategy you've been discussing for a few days (in case today was "it"). Is this change simply cuz of the overwhelming strength today -- the resistance that was taken out implying that there is more than likely another up coming, and also being highly unlikely that we'll gap down so far that you won't have time to enter shorts if you see failure? Or was there something else? Sorry I hadn't commented on your strategy before. It seems quite sensible. I'm trying hard to be patient, so I also didn't short yet, cuz that's gotten me in trouble on every bear rally these past many months. Also, re: CSCO's huge move on massive volume. The difference between today and October, of course, is that a bunch of the move was done on a gap up. But if it follows the pattern here, the Naz is gonna have a lot more juice still to come. the freep

To: AllansAlias who wrote (38463)	5/8/2002 8:38:58 PM
From: Shack	Read Replies (3) \| Respond to of 209892

Except for the fact we gapped up, I find this day reminds me a lot of Jan 3, 2001. Fed cut 50 points that day (surpise cut I think) That was a day from which I learned much. It was my first bear rally and my first understanding of the power of e-wave. I would not short until I saw the brother up which came in choppy form over the following week or so (after a fairly nasty 'b' wave actually.) Anyone who is interested in shorting this mess and does not think a major turn is in, I encourage you to go back and check out that time frame. By the end of that correction the COMP had rallied 25% off its swing low but now it barely looks like anything on the charts.