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To: Shack who wrote (78308)	8/4/2003 11:16:07 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

Shack (et al) -- I understand why 962 S+P is important here, but I don't know that breaking it would mean doom. If we're in a 4 of some sort and that was the A down of an ABC, couldn't C go lower? I see support around 948-950 as well. Would it be doom if we hit that level? the freep

To: Shack who wrote (78308)	8/4/2003 11:24:29 AM
From: ajtj99	Respond to of 209892

I wouldn't get too giddy about down quite yet. We've got two underlying targets for the NDX - 1214 and 1230, both A=C targets off the 1316 and 1298 highs. I do not recall the VIX ever leaving two gaps behind, especially at this level. The first gap is at about 21.50, so a spike high tomorrow AM followed by a reversal in the VIX would fit what I'm looking for. stockcharts.com[h,a]dacaynay[pd20,2!f][iut!lp14,3,3!lh5,5!lb14!li10,10!la12,26,9!ll14][J8819018,Y]&pref=G I think we should bounce off CSCO, then dump after Max Pain is taken care of for expiration. That could be as early as this Friday, however.