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To: The Freep who wrote (58886)	11/7/2002 10:45:34 AM
From: JRI	Read Replies (1) \| Respond to of 209892

<island reversal> I starting writing message about 5 minutes before market open, got a cup of coffee, then posted...so when I started writing...it was unclear to me where we'd open..it looked like big down, but hard to tell exact open Regarding yesterday's KLAC conversation: Through out the rise since Oct. 9th, bad earning from tech has been sold (for the most part) the next morning, only to recover later the next day. My basic pt. was- if one thought we were ready to turn, and you believed (as I did) that Csco's earnings report would not be good, then an entry yesterday afternoon was a fairly good r/r bet. Even if you didn't catch the overall market top (Csco's earnings get bought next day), you likely have a higher entry, and have a shot to cover (and profitably). I don't know when this thing is going to turn, but I am always looking for "defensivable" entries....yesterday near close provided one, although I didn't play it. 1388- one of Zeev's big numbers- just fell..

To: The Freep who wrote (58886)	11/7/2002 10:47:29 AM
From: Paul Shread	Read Replies (2) \| Respond to of 209892

Equity PC ratio hovering around 1.0. cboe.com

To: The Freep who wrote (58886)	11/7/2002 11:47:37 AM
From: reaper	Read Replies (1) \| Respond to of 209892

OT -- Red Sox hire James in advisory capacity espn.go.com On November 15, the Red Sox will hold a press conference to announce they've hired James as their "Senior Advisor, Baseball Operations" (or something similar). And while James certainly isn't the first sabermetrician to work for a major-league team, nor even the first to work for the Red Sox, he certainly is the most famous. James made a big splash in the 1980s with his annual Baseball Abstracts, and has written many baseball books since, with the latest the groundbreaking Win Shares (STATS Publishing, 2001). For 20 years, James' writing has influenced the game, with his fingerprints easily visible on teams like the Athletics and Blue Jays, not to mention every baseball broadcast. Yet through it all, James remained an outsider. As Red Sox owner John Henry says, "I don't understand how it took this long for somebody to hire this guy." it figures it would take a guy who made a bunch of his money trading commodities to hire Bill James. Cheers

To: The Freep who wrote (58886)	11/7/2002 6:40:27 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Back from Vancouver Island...and speaking of which, that's no island reversal Freep (great segway eh?). But it is the first real selling we've had in some time. Getting caught up here and several things strike me: 1) C has shown excellent follow through and volume patterns since the wedge breakdown. It really should not stop for more than a pause until it sees the low 33's. 2) The NDX and COMPX have come back to test the Sept 2000 dt line over which it gapped on Monday. Needs to hold or we are going lower in a hurry with the failed breakout. 3) The TNX looks like its headed back to sub 3.6% yield here. 4) VIX look like it barely budged today. 5) There has been a massive ramp in Rydex technology bull funds. You'd have to go back to May to see higher assets in OTC and back to March to see higher assets in Velocity. 6) We are still above max-pain. Curius to see if we saw any inflows into mufus this week. We're about 30 mins from the AMG data.