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To: Shack who wrote (69306)	3/21/2003 3:35:52 PM
From: The Freep	Respond to of 209892

COT is out. Lotsa action due to, I guess, triple witching rejiggering. The commercials went long about 38K of the big contract. However, they added about 230K to their short e-mini position, thus making a change of about 8K total to the short side. The last two weeks negated the big gain of three weeks ago on the long side. I wonder, though, if there's something to be gleaned from their full contract position being so close to flat? NDX has the same outside moves, with the same result -- about 13K full contracts shorter. Up til Tuesday, the commercials wanted to fade the rally. On the e-mini, the little guys are massively long. On the NDX mini... they are short. What happened to that huge long position that was gonna get them creamed? the freep

To: Shack who wrote (69306)	3/21/2003 3:45:51 PM
From: Grandk	Read Replies (1) \| Respond to of 209892

PIC of DOW stockcharts.com[m,a]facayyay[da][pb50!b200][vc60][iut!la10,20,10!lh20,5!lk50!lo40!lb10][J11104449,Y]&listNum=3

To: Shack who wrote (69306)	3/21/2003 3:48:04 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

<<How are you counting it>>................To butt in, 512 points wave 1 from 3/12 to 3/14....wave 3 began 3/17 at 7778 and still going. ... If 3 is 1.618 times wave 1, that should get us to about 8600.....

To: Shack who wrote (69306)	3/21/2003 4:13:13 PM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

Neither exchange put in 80% upside volume, and the Nasdaq did less than 70% - surprising for a huge up day. COMPX and NDX closed below the open, forming doji star, hanging-man type things. Equity PC closed at .42, with almost 1 million equity calls traded. Max-Pain for QQQ for April is 25, and could be below 23 if they do as much call buying as they did this month.

To: Shack who wrote (69306)	3/21/2003 4:37:18 PM
From: nspolar	Respond to of 209892

Shack, I'm in a 5th on the hourlies here too. I also support your theory this could be ii of 3 in the major indexes. One parameter I follow in dpoint for noteable tops and bottoms is the Eliades New 10 Trin. It is one parameter that has been pretty consistent in marking major tops and bottoms, in this bear market. It didn't imo mark a bottom at the last low, and if anything it is marking a top here. Maybe a major one. I'd post a chart but it may not be appropriate (haven't read the subscription fine print). Chances imo for a big dump increasing rapidly, maybe real big, starting next week. I also believe I have the dollar in 5th on the hourlies, maybe a c of the 4th. About 102.5 looks fairly key for a pivot.