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To: JRI who wrote (57227)	10/21/2002 2:57:47 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

I may be mistaken, but if one simply looked at Softie's guidance from the day they gave earnings, they were NOT implying that they'd have similar growth Q over Q moving forward. They didn't specifically say what Ballmer said, but I don't think they really misguided as much as conspirabears imply <g> That said, the market clearly is sloughing off everything thrown its way. To my memory, those were MMM's weakest earnings and guidance in some time. . . but they're being bought. Dow took out its May downtrendline without a fight. Naz is nearing its, so should we really expect it to have more trouble? (freepish note: I expect it to <g>) the freep

To: JRI who wrote (57227)	10/21/2002 3:07:29 PM
From: At_The_Ask	Respond to of 209892

Check out the 10min chart at Velo's sight to see the wedge I'm looking at. raptorgroupresearch.com Ususally a swift decline from the top of the wedge should follow. I'm a bit concerned as weve been floundering around at the top of the wedge for a while. Art Cashin called this mornings ramp " a low volume levitation" and stated specifically "I think they are running it up through a couple of chart points and forcing the shorts to cover". Art's the man, I actually believe he says what he thinks.