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To: steve from ihub who wrote (6559)	3/13/2003 11:15:47 AM
From: Les H	Read Replies (1) \| Respond to of 29601

The high single day readings for the advance-decline and up-down volume from last month's options expiration rally should start to fall off the 21-day sums next week and the week following. They would also fall off of the 19-day advance-decline sum in the McClellan. Those ratios and the summation index will likely dive in the next two weeks to bottom-like readings unless we get comparable rallies with strong breadth in the next few days. If we get moderate rallies, those indicators may continue to fall and show up as negative divergences; i.e., the rally will fail. The next window for military action in Iraq appears to fall in the last week of March just prior to the favorable moon phase in early April.