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To: Shack who wrote (140)	2/26/2003 10:33:35 AM
From: At_The_Ask	Respond to of 41499

A note on the yesterdays rally. I would say a good majority of the covering that went on was due to the threat that HP might have blowout numbers and cause a giant rally like they did in nov 02. I'm sure their were rumors to that effect spread around to speed things along. The Iraq russia thing sounded good on CNBS but IMO HP had a lot to do with it. Obviously HP sucked so if the market go's up it's due to some other reason. If they start buying HP that could be the tell that something is up. There should be a decent sell off on the disapointment, but so far we havent seen it. We are also slightly below the .618 retrace of the move from fridays highs. Until we take that with gusto then this is just a correction. Wave wise we are in wave four of 1 so we should get a little pop for 5 up then wave two to correct the entire run from yesterdays low. All that assumes we aren't going to melt. Melt is my favored.

To: Shack who wrote (140)	2/26/2003 10:39:11 AM
From: JRI	Read Replies (1) \| Respond to of 41499

Shack, if you "get" your scenario, that would bring a "Hound" on the Soxx right? And then we would "Hound" in reverse thereafter.....woa....got a price target/range?

To: Shack who wrote (140)	2/26/2003 11:23:27 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 41499

OT, OK your on... But I don't think they make it to 16... Hackett has let a few go by that he should have stopped. I think they expect Shields to let some go by but not Hackett. So when Hackett lets a few slide by that hurts moral... JMO