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To: Shack who wrote (4993)	11/1/2002 4:48:24 PM
From: sandeep	Read Replies (1) \| Respond to of 10157

Why isn't that a flat correction? Has been known to happen. I think that the market could explode up after the "backing and filling" it has done over the last few days. The GANN weekly and 3-day chart may have turned up. The monthly chart will turn up on monday and then it is off to the races...

To: Shack who wrote (4993)	11/1/2002 4:56:30 PM
From: mansan	Read Replies (1) \| Respond to of 10157

I'm a bear and my puts are being killed. But the market is being push up. Maybe because of election to feel good. But what is your max target up for the DOW before it goes down.

To: Shack who wrote (4993)	11/1/2002 5:01:53 PM
From: greenehugh	Read Replies (2) \| Respond to of 10157

Isn't price the ultimate evidence? Yes. One has to aware of sectors that may be generating a new advance. Wireless/telecom/software are the place to be long now and short drugs. The major force behind this may be a long term reallocation out of bonds into stocks.JMTC

To: Shack who wrote (4993)	11/1/2002 11:01:51 PM
From: rogermci®	Read Replies (4) \| Respond to of 10157

>Next week, I will be 100% short.< You'll get buried dude, you're on the wrong side of the market. The 1982 rally ran 3 months before the die hard bears came around. Your technicals don't mean crap when the trend changes. The tape points up. In this strange, heavily shorted environment a rally has developed. In this rally, there's a ton of amateur shorts and short hedge funds out there, who are marginal players. Many are what I deem "weak hands". The market is sensing this and is starting to steamroll their positions. My view has nothing to do with whether I believe equities are undervalued (I don't). My view has to do with the way this particular rally is beginning to work. I've only been doing this shit for 29 years so take it FWIW.