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To: AllansAlias who wrote (69010)	3/19/2003 4:04:32 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Rubbing more sand in my face....how appropriate g,ng To answer your question...yes, I do think a few more see that this run could have staying power....a majority, don't think so, and the bulls here are still few enough that I think one could argue (sentiment-wise, this thread only) for the C existing (sure, I'm talking SMAAAALLL sample)...but we rarely get that (majority sold on a large, extended bull move) here on this thread..at least not in my experience..

To: AllansAlias who wrote (69010)	3/19/2003 4:06:52 PM
From: bcrafty	Read Replies (2) \| Respond to of 209892

Allan, are you implying that right here is the end of the rally with the "iii of big C" potentially done? No A = C scenario ahead (SPX 975)? No skyrocketing market when bombs drop, etc?

To: AllansAlias who wrote (69010)	3/19/2003 4:08:33 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Dow up 6 days in a row...first time since August 2000....betting for 7th and 8th in a row...well, I'll leave it for the "C" heads g I've got plenty of ammo, and look forward to hitting here (what I think will be at least a decent correction).. Big gap up tomorrow, and I have to eat today short, and rethink all News gets sold, IMO

To: AllansAlias who wrote (69010)	3/19/2003 4:09:02 PM
From: byhiselo	Respond to of 209892

dunno, imagine many anticpated more up immediately and threw long near the close i know it doesn't count unless one actually does it but i came pretty close myself...will stick with 880 SPX close for now cheers

To: AllansAlias who wrote (69010)	3/19/2003 4:49:48 PM
From: NOW	Read Replies (1) \| Respond to of 209892

not bullish, but VERY few adding to shorts here IMO. today was the top.

To: AllansAlias who wrote (69010)	3/19/2003 5:27:16 PM
From: Shack	Respond to of 209892

Your trade is golden Allan. The overlap of the putative '1' low today pretty much ensures we get another leg now. The only question left is whether this is the brother leg to October or a correction of Dec 2. Bears will have few chances to hop off this steamroller if your 'C' pans out.

To: AllansAlias who wrote (69010)	3/19/2003 8:55:46 PM
From: Rainier	Read Replies (1) \| Respond to of 209892

Since you asked, I think the majority are expecting/resigned to another leg up once this one corrects. I say this based on the handful of SI boards, I-Hub and one other (subscription) board I follow. The only debate I see is how far the C leg goes. As a stubborn bear who foolishly held through the Oct-Dec rally, I plan on jettisoning my trading puts at the 23, 38 and (if I still hold anything) 50% retracement levels once we hit the top of this move -- hopefully soon (g/ng). Looking a moving averages, the 200 DMA is at 8453 on the Dow and 894 on the S&P. It will be interesting to see what kind of resistance they prove to be. If we have a 38% retrace from today's high, that would take us to about 842 on the S&P. If the C up from there is 61% of this A (875-789=86; 86.61=52), that would take it right to that 200 DMA (842+52=894). The calculation for the Dow overshoots the 200 by 23 points (8278-7417=861; 861.38=327; 8278-327=7951; 861*.61=525; 7951+525=8476). Of course, both MAs are falling, so this isn't perfectly exact. If the indexes can pierce those levels with conviction, I'll be more open to your brother leg to the October rally. Until then, I'm of the opinion this is a wave 2 corrective to the 1 off the December high. Always have enjoyed your comments and perspective though I rarely post. Best regards, Mike