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To: skinowski who wrote (65494)2/6/2003 10:23:13 AM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Oh, sure, Ski... find the guy who called today's low (so far) to the 100th and make us all feel insignificant. Fine. Anyway, all bears should be watching for a strong reversal from there, just in case. Again, the market has to prove itself to me, more so on the upside.

If AMGN is gonna move, it's gotta do it now. Fell out, retested... now better show some vigor. LEH seems to be having trouble here... has a gap down to 50 that I'd love to see fill. PG? Piercing that lower line for the 83rd time this week, I think. One day it's gonna followthrough, but until then... shorts beware.

the freep, been short so long it looks like long to me



To: skinowski who wrote (65494)2/6/2003 10:26:26 AM
From: Moominoid  Respond to of 209892
 
Those indices show the wave 2 in the decline from mid Jan more clearly than the NAS. But like the NAS they are also encountering support. My "autoregressive model" is showing strong support on the NDX at this morning's levels. It is hard to go down sharply from here. My read on the e-wave is it wants to go down... hmmm what will happen?

Well I dumped my long HPQ puts at this point....


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