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To: The Freep who wrote (51491)	8/28/2002 12:52:01 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

It's true Freep. We have lots of failures (the trendlines that were taken out and now we have fallen back under) and today we gapped down over support. Believe me, I will still be very happy if we get new lows in tech, but for now, I am happy to cover my last bit (i.e., the last part that I wanted to cover -- still short tech) at that low today (if indeed it was one).

To: The Freep who wrote (51491)	8/28/2002 1:07:42 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Freep, more ancillary stuff Whether the bears are crowing or not, or whether the longs are scared or not, the important thing is that support levels of last week are not holding therefore somebody, regardless of who, has been doing some selling albeit on light volume just like the last few weeks' rally has been on light volume. On 8/6 we had the rally on "dollar strengthening" followed by a rally on "rate cut anticipation" (twice), followed by the rally on "rotation from bonds to stocks." And on Monday we had an afternoon rally, supposedly because of "program trading" according to the WSJ. But without any external catalyst, real or contrived, it is difficult to envision what is going to move the market up in the next few days other than a little short covering. The only thing I could think of was maybe some EOM window dressing by the MFs but so far we've seen no signs of that. Upside surprises tomorrow in the GDP number or on Friday from the consumer numbers are about the only other things I see moving anything up rather than another "wild card" rally that pops out of nowhere like we had the past few weeks. cbs.marketwatch.com