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To: AllansAlias who wrote (50109)	8/15/2002 8:38:05 AM
From: marginmike	Read Replies (1) \| Respond to of 209892

again all the breakouts looking like they were about to fail have again shown life. If we rally strongly today on good volume the bullish case ST has to be respected.

To: AllansAlias who wrote (50109)	8/15/2002 8:42:44 AM
From: skinowski	Read Replies (2) \| Respond to of 209892

Yep. I find that if things get screwed up, it is better to become defensive. More psychology comes into play, and more mistakes are likely to be made. Control further risk first, and think later.

To: AllansAlias who wrote (50109)	8/15/2002 9:08:51 AM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

Great comments and charts, Allan. Those rallies that start with a quick spike in the Dow and just chew through resistance can be good ones. I don't care if it's the PPT or not, they still produce nice gains and I need to be quicker at recognizing them when they start. That recovery of the Dow daily uptrend just above 8450 was a pretty good hound signal too. My two cents, FWIW. I got out of my DIA short for a gain, but I should have gone long.

To: AllansAlias who wrote (50109)	8/15/2002 9:20:51 AM
From: UnBelievable	Read Replies (1) \| Respond to of 209892

The Day After The Fed Announcement Is Usually Strong FOMC does not want J6P think that it was the Feds fault that the market tanks. While I now you don't feel there is a lot of useful value in Max Pain. Yesterday morning we were pretty close to Max Pain on most significant indices and stocks. The close puts us way over Max Pain on almost all of those. Max Pain is the first number yesterday's close the second. SPX 900 919 OEX 445 464 DJX 87 87.5 QQQ 23 24 MSFT 47.5 49.71 INTC 17.5 18.29 GE 32.5 31.9 JPM 25 25.14 C 21.5 35.24