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To: yard_man who wrote (171106)	6/7/2002 12:21:11 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

No capitulation this time IMHO. Take into account that we had a grinding bear for around two years, and most recently since January there is relative little participation from the public at large. IMHO the market will be range bound for a while but have strong bursts to the upside, mostly in tech stocks. IMHO we are back to GDP + Inflation growth. WS is now in search for a story to push the garbage they decided it sounds appealing. I also think gold stocks are in for a correction after a 100% YoY run and J6P & CNBC is mentioning them.

To: yard_man who wrote (171106)	6/7/2002 5:36:11 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Haim does this look like capitulation to you?? Im not Haim but I am a buttinsky. No FN way. No fear, no panic, this looked like a controlled "planned" drop IMHO and it appears they need to hold CSCO above 15 (too many puts there), MSFT above 50 (too many puts there), ORCL (too many puts on it as well), and the rest can sink some, but not too far lest max pain get too far out of wack. We need a string of -1000 tick counts and until we see that no rallies will last beyond 2-3 days IF THAT. I am of the opinion that NOTHING and I do mean NOTHING is driving this market (the Naz anyway) other than options manipulations. M