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To: AllansAlias who wrote (65565)	2/6/2003 10:09:59 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Agreed. I would not be long yet but your comments ring true. One thing that bugs me is that I think the market has had a couple of chances to squeeze but it did not. O/I is looking market bullish to me too. But the charts say this can still go either way Massive fund outflows this week. Not sure if its capitulation or a nasty trend. It will be tough to squeeze if the latter is the case. Watch that Softie wedge on the 120-min for a clue. Edit-Have you noticed how pitiful the volume is? Especially on the Naz. No momentum either way without some more fuel, could mean more Jell-O. 1.2 Billion on the Nasdaq?? Looked like a holiday or something

To: AllansAlias who wrote (65565)	2/6/2003 10:51:40 PM
From: habibstocks	Read Replies (1) \| Respond to of 209892

Don't know how true this reflect the "real world", but according to thomsonfn.com, there seems to be some institution buying today. iw.thomsonfn.com I like to watch NVLS intraday and the 3 amigos in semis (KLAC, AMAT, NVLS) showed a lot of buying. Just in case, I covered my short near the close today because of this, also because NVLS has been having a hard time piercing 27.x-28 level, i will reshort once we get a clean break. iw.thomsonfn.com

To: AllansAlias who wrote (65565)	2/6/2003 11:08:05 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

I think you're right on...here's what i'm thinking too... let's say for the sake of argument that today's low...or anything that stay's above that linear trendline at 830 tomorrow, is a short term low. the 38.2% retracement bounce from 830 SPX would be right too the current log trendline now at 870 Gann retracement analysis maintains that if a stock cannot take out the 38% retracement level, the larger trend will reassert itself and the stock will go to new lows 50% retracement and it's even odds if it takes out the 61.8 then analysis says that odds favor new highs. Program trading ticked back up this week fwiw... and a 20 million share block of the Nasdaq trust went off above the ask this morning towards the end of the 1st 1/2 hour of trading