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To: Bill Harmond who wrote (13013)	7/24/2002 11:28:57 AM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

i think possibly this our bounce at Spx 780.

To: Bill Harmond who wrote (13013)	7/24/2002 2:41:58 PM
From: Mark Fowler	Respond to of 57684

Reuters Business Report Former Adelphia Execs Arrested for Fraud biz.yahoo.com

To: Bill Harmond who wrote (13013)	7/24/2002 2:59:40 PM
From: techanalyst1	Respond to of 57684

I don't know. I think big gap downs get bought because shorts cover and it was a perfect place for a buy program when the sp was down 50% from the high. Maria saying to short had to be a classic contrarian indicator in my book. She'll probably say it won't last which probably is wrong again. The three large negative tics on the nyse and preponderance of new lows usually signals a bottom along with high vix. As far as the vix.... I think the vix helped but it's never ever ever ever ever ever EVER been tested in an extended market decline like we've seen and it's not an all time high either. So many thought that 30 was good, then 40, so who knows? I know the higher it goes the more chance at least a temporary bottom is in. So...... it may have helped because everyone was watching it and if that is true....... then surely everyone is watching the neckline on the sp..... just like the necklines on all the stocks that had double tops and failed at their necklines. Overall... A tradable rally and short covering and probably nothing more. I bet this eventually sees lower lows, but for now it's nice to see a rally even though declining issues outpace advancers on each index which can't be that bullish. TA