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To: Shack who wrote (78297)	8/4/2003 10:05:33 AM
From: AllansAlias	Read Replies (3) \| Respond to of 209892

Once more to the precipice cher Shack... After our big breakout failure last week on the Dow, we are doing what the textbooks say -- showing follow-through. This has brought us now to the edge. Banks look a mess, but that is old news. JPM, MER, GS, NMR, C, BEN, BSC all leading the indices again. The biggest technical news is COMPX being down out of the March channel this morning. SOX still holding well though. My NVLS is outperforming today. Big deal -- it has gone almost sideways since I bought that low day on the 21st. Got shrinking premium? -g/ng

To: Shack who wrote (78297)	8/4/2003 10:33:56 AM
From: JRI	Read Replies (2) \| Respond to of 209892

Shack, you stated over weekend that you thought shorting was high-risk here. With this morning's activity, we have broken under Onishcka's 1250 NDX line, and if it holds (and his long-term argument stands), then NDX is doomed for much bigger down from here (2nd half), and I believe he inferred that a 'more up' scenario to 1325-135 would also die. Essentially, he then believes we have peaked for year. Today's action change your mind at all? Whatz your key level(s) on way down? tia