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To: Paul Shread who wrote (51162)	8/26/2002 9:35:29 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

BTK opened today down out of the big wedge. We'll know if it's really a wedge soon enough. Without a hard break, it's likely not a wedge.

To: Paul Shread who wrote (51162)	8/26/2002 9:41:52 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

This is THE spot for semi's. If this rally is has any more legs for tech, then semi's have to turn now. SOX come back to test the lower line of the up-channel out of the lows, which also happens to be the .382 retracement of the move. It is common for the last dip in a leg to violate the up-channel in a fake-out, before blasting to the final high for the leg. She has to turn here imo or this correction will have no chance to be this shallow affair.

To: Paul Shread who wrote (51162)	8/26/2002 9:54:41 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Those incredible financials are leading the way today. Nice breakout underway in BAC.

To: Paul Shread who wrote (51162)	8/26/2002 10:00:02 AM
From: bcrafty	Respond to of 209892

Paul, I haven't read him before Whlie I have seen several people point out the high McOsi as bearish right now, he's the first to observe that there's a high RSI to go with it and "confirm" the price action as healthy rather than merely overbought. I wish he had posted a chart, as when I tried to do it myself I can't get the McOsi as an indicator. I'd like to see how that McOsi/RSI combination of indicators has panned out over the last three years.