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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (24300)	1/15/2003 1:59:11 PM
From: sun-tzu	Read Replies (1) \| Respond to of 30712

i thought it looked like a top days ago Message 18436956 but i respect the possibility of a move up

To: ajtj99 who wrote (24300)	1/15/2003 2:18:45 PM
From: Jeffrey S. Lillie	Respond to of 30712

aj, i posted this last night on velo's thread. i think those that think the top is in and are in the minority. may be a few more thinking that way after today, but not many. j To:velociraptor_ who wrote (7070) From: Jeffrey S. Lillie Tuesday, Jan 14, 2003 10:12 PM View Replies (1) \| Respond to of 7086 velo you are not alone in your thinking, but we are well in the minority here. i do find some comfort in that fact. I also remember how i felt going short just previous to dec 2 high. Just about like i do now with lots of folks thinking i was crazy. we have met or exceeded all of my index targets (dow 8800, spx 930, ndx 1080, nas 1460) for pivot highs from a month back. we have gone no where essentially in last 6 or so day. feels like distribution to me. the wedges are there for all to see. they could break up, but i have my positions placed to benefit from a move down. either way things will break up/down no later than wed IMO. j

To: ajtj99 who wrote (24300)	1/15/2003 2:37:48 PM
From: mishedlo	Read Replies (4) \| Respond to of 30712

On the contrary. WE have pushed and chopped around here for more than a week, and everyone including bears have given up, looking for another push to the upside. There are bearish divergences all over the place and everyone wants that last push up to short it. Well maybe it comes, maybe it doesnt. OJ is buying more semi equips on this move down, Bears have for the most part stepped aside, and anyone that wanted to buy has to be in already. Now does that mean we can not get a distribution top higher? No it does not. The risk reward for being long vs short is beyond absurd by my way of thinking. A very good case can be made for doing nothing here either way. But repeated calls for up up up up when every time it gets smacked down from the same level, with every stock putting in double tops, I do not see a call for more UP here. Anything can happen. This can all be one huge headfake down. If it blasts up huge, I am adding more shorts. I am in DJX from 8800 SPX from 908 and 930 (but I took half off). To leave room to add. Let's see what MSFT and IBM bring. If they gap up and sell off like INTC you think that is going to stop inflows from J6P (if there were any left coming anyway)? I am not saying were ARE headed down. I think we are. Bulls are saying we ARE going up. That is a ton of confidence into the face of bearish divergences as well as potential, distribution for over 10 days now, and double tops all over everywhere. M