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To: marginmike who wrote (39588)	5/17/2002 3:40:55 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Like I said, I may be one high too early. If we bust up out of this triangle, if indeed it's even a triangle as it's too early to tell, then the targets I have are NDX 1390 and 1430. That should put the bulls into a frenzy, from which we'll get very nice down.

To: marginmike who wrote (39588)	5/17/2002 4:58:07 PM
From: reaper	Read Replies (2) \| Respond to of 209892

<<Unless inflation is bullish-ng- >> Inflation IS bullish. The only way we get out from under this massive debt over-hang is by inflating our way out of it. Plus many companies that had been laggards in the TMT cycle (TMT companies are largely DEFLATION plays) and have been leaders recently will benefit even more from a little inflation. How much cash would Papa John's generate if they could actually charge more than $7 bucks for a pie. Mind you, I don't think we ARE inflating, as money will be going to money heaven faster than Al.com can print it in due course. But if we DID get inflation I think it would be a net positive for the stock market. Cheers

To: marginmike who wrote (39588)	5/17/2002 5:35:09 PM
From: 4rthofjuly007	Respond to of 209892

what do you think of the COT report? I think that you take it pretty seriously. I am long the NDX here and was initially encouraged over the past few weeks as the commercials seemed to have started to cover their S%P shorts. I was hoping that they would have continued to do so but they added a few. If they would get down to less than 50,000 MAYBE 60,000 net short, I would be more confident but it seems that they may be looking for another trip down. They covered some NDX but they don't seem to have nearly as much interest in tech as in the S&P.