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To: Les H who wrote (5666)	2/11/2003 8:46:16 AM
From: pallmer	Read Replies (1) \| Respond to of 29596

February 11 pre-open: The put/call ratio suggests we could bounce a day or two......nonetheless, its likely to be a brief bounce as many important stocks tried their bounce from 'other than' supports, barely bouncing at supports or have bounced after having violated important support. Also, GOLD albeit a hard pullback remains in a normally bullish (flag) consolidation after a triangle breakout and Ten-year notes are in a triangle continuation pattern which likely (over 75% chance) suggests more money flow to bonds........all of which suggest more downside for equities. thresholdtrading.com