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To: Shack who wrote (61614)	12/13/2002 6:27:20 PM
From: bvinnieb	Read Replies (1) \| Respond to of 209892

Shack what do you make of QLGC holding up as well as it did? Thanks

To: Shack who wrote (61614)	12/13/2002 10:40:57 PM
From: John Madarasz	Read Replies (2) \| Respond to of 209892

i don't buy that wedge. the pullback on the 18th which measured 21 points is not a reversal point in your wedge, but the pullback from the 25th of Nov which measured 23 points is? how come? here's my draw...the meas on the tri is only eyeballed boomspeed.com i'm still tilting bounce...but can't discount a shakeout. either way, i'm not sure enough to bet with my $$$, since i covered my brokers a couple days ago and i'm flat but for some gold stocks. i cannot believe program traders and hedge funds will let that technical area at the 50dma go without a fight my plan is to play the better risk reward and wait for strength to sell...otherwise look for consolidation much lower to consider getting long no reason why we couldn't retrace your wedge...but i'll be very surprised if the SPX gets back to that Oct 14 gap this month barring some shock event.

To: Shack who wrote (61614)	12/14/2002 12:03:51 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

I do not think that is a wedge: marketswing.com We spoke of this a week or more ago -- counting the high of a previous move as part of a subsequent triangle -- that discussion was about gold I recall. Anyway, that high where you start your wedge is not valid imo. A rising wedge has to be born out of a reactionary low, not the high of a previous leg. I don't know how it will work out, and I can see the ugliness, but I think the bears are too excited here. There is a middle road somewhere. A road that will take the most money out of both sides. Down hard will not do that. I always get worried when I read the phrase "crash wave" too often. Retailers like look shite. Wish I could figure out the oil charts -- I'm sure they're important here.