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To: AllansAlias who wrote (63101)	1/8/2003 4:08:06 PM
From: yard_man	Respond to of 209892

just leave the short on and go off on some trip, eh? sounds cocky <vbg>

To: AllansAlias who wrote (63101)	1/8/2003 4:11:52 PM
From: NOW	Respond to of 209892

bearish bunch this. a little bit of down and we are frothing at the mouth.... still think we have to test 930 again. and likely break through as a fake out. only thing that seems to make sense here is maximum frustration for all parties.

To: AllansAlias who wrote (63101)	1/8/2003 4:14:43 PM
From: mishedlo	Respond to of 209892

Comments on this? stockcharts.com Jan 8, 3 p.m.: The wave down from the 931.8 high on monday has come close to its first Fib. retracement level at 908. I think it's safe to say that this whole move up from 869 is corrective, due to the BP chart having barely moved and the volume being higher on down days. If so, then their are two routes from here. Either 931.8 was the top on Monday and we are heading down from here, or Monday was the top of wave A of an A-B-C. Right now it looks like the latter, because this move down looks like a 3-3-5, which is not impulsive. And if that's the case then wave C up is coming before we head down a high degree wave 3. A move below 869 would confirm wave 3 down is underway. A move above 954 with a strong move in the BP chart would imply a larger rally. If this rally is corrective, then there should be nothing above 954.

To: AllansAlias who wrote (63101)	1/9/2003 10:47:24 AM
From: Perspective	Read Replies (1) \| Respond to of 209892

Put my QQQ hedge back on again at 26.65. Out for loss of commission. Short exposure reduced 1/8. Down yesterday was labored relative to this up; I should get a better price to sell the hedge in the coming days, with the benefit of reduced risk in the mean time. Too bad I delayed so long getting covered, but I'm looking for a longer term turn here so my smoothing function is in force. Given the ease of upward progress, I don't think we've seen the intermediate turn. It is close, but not here yet. Divergences may have to get worse before they are resolved. Just no motivated sellers into this rally. The absence of insider selling (earnings reports right around the corner) removes a usual form of supply. Look at VIX go: stockcharts.com!b5%5D%5Bvc60%5D%5BiLb14!Lc20%5D&pref=G BC