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To: The Freep who wrote (66846)	2/19/2003 9:57:52 PM
From: Shack	Respond to of 209892

Too bad Egghead.com isn't still around so you could have BACON and EGGS. Today really surprised me. I thought we would put on another high today for sure. Perhaps we will tomorrow but we need to watch last Friday's highs, these should not be violated if we are still pointing up. That ultra bullish scenario is known to just about every e-waver in the biz. It certainly warrants caution 'cause we may just open 100 points higher and bears will be fried. But an obvious count is usually the wrong one sadly. For us to go ballistic bull here, we will have hounds all over the place. Still I would have liked to see a better test of the SOX neckline.

To: The Freep who wrote (66846)	2/20/2003 8:52:29 AM
From: JRI	Read Replies (1) \| Respond to of 209892

Econ numbers sux this morn, but market doesn't seem too terribly worried initially here....outlier (g) Pre-market futures pump holding up relatively well.. There seems to be a real determination to raise semi prices...another Intel upgrade as someone else in industry lays off more workers...."Its a bottom", though, and being efficient allocators of capital, major semi/semi-equipment firms are still laying off workers as the turnaround is occuring...A prudent manager lays off workers immediately before an upturn, right? Analysts have better visibility then those in the trenches anyway.. (I remember some data I saw frequently quoted a couple years back- I backtested and was true- that semis stocks generally turn AFTER a 2-3 quarter turn in earnings....however no one wants to miss calling the bottom now...so) Horrible deficit numbers this morn (similar to semi numbers) surely marks a bottom too...surely, they can't get any worse? g