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To: AllansAlias who wrote (47135)	7/23/2002 9:59:22 PM
From: Shack	Respond to of 209892

but it is looking most unlikely that it will not be an intermediate low Hmmm, could you run that through babblefish please?-g/ng So by this you mean it WILL be an intermediate low?

To: AllansAlias who wrote (47135)	7/23/2002 10:05:59 PM
From: AllansAlias	Respond to of 209892

My apologies: It is looking like it will not be the intermediate low. See my previous message as well. The key is to buy the next significant low anyway as it might be just a 4 up, but it could be bigger.

To: AllansAlias who wrote (47135)	7/23/2002 10:07:34 PM
From: yard_man	Read Replies (1) \| Respond to of 209892

to that I say nuts -- we WILL get a rally BEFORE a good intermediate low. We've already had that kind of baloney in February -- launch with no good tecnical bottom. It won't happen again this time. Next big bounce will certainly be one that can be sold -- mark it down for me. You can make fun of me, if it doesn't happen that way. To say anything else is to say lightning can strike the same place twice -- nuts. Sell the next big rally and sleep like a baby. Heck, it may come tomorrow.

To: AllansAlias who wrote (47135)	7/23/2002 10:40:36 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 209892

AA, I agree with you, parabolic declines rarely get resolved with wallowing bottoms, once the sellers are gone, there is nothing to stop the hot air balloon from rising, I think a rally with an advance between that of last April and last September (between 30% to 50%) is becoming more and more plausible. Of course, jumping in after the trend has proven a change in direction is safer, but often, one misses 30% of the advance in the first week, before it is evident the trend actually changed (it may start as one day wonders like those "hugging" the 4th of July, or the sudden move from 1315 to 1425 on the 15th, everyone would want to have more proof that a new trend is in place (and thus "demand" a close above 1425), that will be a cool 200 naz points from the bottom. Since I agree with you that this event is of the 2 sigma type (I would say more like a 4 sigma), I chose to get in and when stops are hit change horses to stronger stocks, in some events, I have even relaxed some stops, to give the stock and the market another chance (sometimes, quite costly...). Zeev