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To: JRI who wrote (63003)	1/7/2003 11:52:11 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

It's based upon a couple of things 1. Volume - we broke the falling trend in volume since November on the COMP today. 2. Breach of overhead resistance at 1430 and 1441 COMP. 3. Positive MACD divergence in the daily 4. Steep sloping impulse channel off the lows last week. As long as 1062 holds early tomorrow and 1075 NDX later, nothing changes this view. I'm open to the possibility of no .382 re-trace off the low until we hit 1475-1500.

To: JRI who wrote (63003)	1/8/2003 12:15:37 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

<<Gap down changes that too, no? >> You expecting one??? And why not a gap up??? This is an interesting period here, as we have people making strong cases for both up AND down -- and that's not a common happening around these parts. And I have to say that when I look at weekly charts... well... I'm not seeing a lot of topping patterns, so that implies to me that if we get a selloff here, it likely is gonna at least get to these levels again to make some kind of top. Lots of room for up on the weeklies, for sure, but that's been the case at other tops. I do know I'm not diving whole hog short just yet (for more than a day or two). the freep