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To: AllansAlias who wrote (40353)	5/27/2002 9:09:47 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Mat Onischka didn’t take a day off. The way he sees it, NDX may – or may not – make it early on in the week up to about 1300, before declining to near 1200, or a little below. From there, it would likely rally to near 1400 in June. All this - in the context of a Bear market rally. 216.239.37.120

To: AllansAlias who wrote (40353)	5/27/2002 1:40:32 PM
From: John Madarasz	Read Replies (2) \| Respond to of 209892

without a doubt...the risk is definitely skewed toward the Intermediate/long term bullish view. I've been patiently targeting this time period as a moderate high, waiting for the right set-ups to sell, and this latest set of sentiment indicators seems to lend a helping hand in that regard. the latest survey from the American Association of Individual Investors shows a very high 40% of respondents consider themselves bearish on the stock market. Small investors are inherently bullish by nature, which is why if you review the historical AAII charts (available in the Charting area of our website), you'll see the Bullish Consensus is invariably running higher than the Bearish Consensus. In fact the Bearish Consensus has only risen above the 50% mark on six occasions in the past fifteen years, meaning it's incredibly rare for the majority of small investors to consider themselves bears. When analyzing the AAII Bearish Consensus numbers, we've found 40% to be the best trigger point. Whenever 40% or more of individual investors are bears, we've found it best to take the opposing view and expect a rally. Since 1987 this setup has correctly forecasted a higher S&P500 four weeks later over 80% of the time. Note that we just had the same signal triggered on May 10th, which called for an S&P500 above 1055 on June 7th. That signal looks to have nailed the recent bottom, and the fact that we just had another such signal suggests that the market will be able to climb the proverbial 'wall of worry' for a few more weeks. astrikos.com Add to this a Bradley turn (high) for May 28-29, significant time count projections for the June 3-5 time period for the SnP and Tech, great probability for a dollar bounce from the very important 111-112 support, EOM window dressing, M3 money supply surge, et. al. there could be an excellent possibility for moderate to weak strength to sell...the weaker the index action, the stronger the sell signal will be imo. if it leaves without me...so be it, i'm too busy to chase, just wait for the lows; but i'm seeing some decent rising wedges rolling into h/s patterns, and lots of weak bases and gaps, from way back, that are begging to get filled.