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To: patron_anejo_por_favor who wrote (51184)	8/26/2002 10:42:35 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

BTK is now an excellent short setup on a bounce. It is acting like a wedge break and the stop is clearly defined (you'll know you are wrong quickly without taking a bath).

To: patron_anejo_por_favor who wrote (51184)	8/26/2002 11:34:29 AM
From: bcrafty	Read Replies (1) \| Respond to of 209892

patron, I agree. But I'm just the messenger I believe he meant that the volume since the beginning of the rally has been increasingly less (a "volume divergence" as he calls it), and that without at least sustained volume that the rally would fail. See his comment about volume divergence in the Dow 6-month chart. What interpretation do you give to his comments about volume?

To: patron_anejo_por_favor who wrote (51184)	8/26/2002 12:56:06 PM
From: reaper	Read Replies (3) \| Respond to of 209892

one interesting thing to note in the NEW home sales data: see page 2 of the release, near the bottom, for median and average sales prices in July. the MEDIAN price is in free-fall; it topped out at $191k in February and has since fallen to $171k (it was $186k last month); the average price is also falling. census.gov so the new home sales data is showing some cracks underneath the surface, even though the headline number is still quite 'bullish'. i would note that the builders continue to be unable to muster much of a rally despite the continuous barage of 'good' news about the housing sector. also note that the weakness in sales of higher priced homes is probably the worst at the margin for Toll Brothers (TOL). they report tomorrow morning. Cheers