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To: JRI who wrote (61659)	12/14/2002 12:01:19 PM
From: Jeffrey S. Lillie	Respond to of 209892

well put JRI....my sentiments exactly. i felt limited downside if any on monday, then up we go to a lower high than 1520. to put my money where my mind was i sold all spx puts, bought spx calls and ndx 100 via 401k accounts. Sole remaining downside protection is some sox calls which i anticipate selling on monday. j Regarding bearish charts: On the Monday we spiked to 1520, charts were throwing off mostly bullish reads (recent breakout), and yet, that would have been the perfect price point to start shorting this move. I guess my point being: If we stop at some resistence point, it will only be in retrospect that the charts will recover...by then, one could miss many pts. in the move waiting for confirmation.