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To: The Freep who wrote (61585)	12/13/2002 4:10:12 PM
From: Shack	Respond to of 209892

The SPX has the same wiggle H&S as the QQQ, projects to 828. We closed below the neckline.

To: The Freep who wrote (61585)	12/13/2002 4:40:16 PM
From: Shack	Respond to of 209892

Man, I am poking around a few threads and either folks are still looking for the Santa rally or they have covered their shorts. Sentiment shows very little concern IMO given the bearishness of the action. Commercials selling into weakness too. That SPX H&S is very interesting in that IF it is real and resolves, we will break that 870 shelf, and then the support is very sketchy down to the lows. The recipe is just right IMO for a landslide, one notable exception is the QQQ put positions argue against the myth. IMO, we have moved to a .03% probability.