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To: jjstingray who wrote (66875)	2/20/2003 10:31:42 AM
From: JRI	Respond to of 209892

Could be...we will know shortly...but today's action (so far) at least, looks impulsive down to me..granted, its early still

To: jjstingray who wrote (66875)	2/20/2003 10:31:56 AM
From: Paul Shread	Read Replies (2) \| Respond to of 209892

Going back a little further, there was a nice failure in April last year. stockcharts.com[w,a]dhclyyay[dd][pb5!b15!f][vc60][iLb14!La12,26,9!Ld20!Lp14,3,3!Lk14!Lah12,26,9!Ll14]&pref=G 150,000 QQQ 25 calls and 117,000 puts. I can't believe they want to keep the QQQ above 25 today.

To: jjstingray who wrote (66875)	2/20/2003 10:40:18 AM
From: JRI	Respond to of 209892

Edit: Well, for the my "down" scenario to hold water...we should be in a 2 of 5 here (don't know if that is big 2 or little 2), but with some sort of 3 of 5 on tap, it should be obvious if this count is right.. I guess the 5 up from yesterday's lows is still possible (probable?, but that would be a weird 2 (I think) since it was impulsive and not very corrective looking (to me, at least)...again, I am wiggle counting, and one of the weaker E-wavers here, so take with a large dose of salt.. And, of course, both counts could be wrong.. 850 SPX resistence had been a bear so far...just like that dude said yesterday