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To: At_The_Ask who wrote (79026)8/13/2003 9:18:28 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
That's some spread on Lowrisk, ATA. Any idea how that tracks, historically? Median dow guesstimate isn't very bearish, though.

I don't know if the whole bear is over. It could be. I honestly don't much care in terms of trading... and the optimist in me would love it to be over.

As for the near term, it's hard to be bearish here... unless the bonds do some more extreme stuff. The end of day action in bonds and the weakness in the banks is about the only thing I can see that would say we don't go higher here. We also satisfied Max Pain on the QQQs today, more or less. I think it's a crapshoot of guessing about how we'll react to unknown numbers tomorrow. Longer term, I also think it's jello at the moment, until proven otherwise... most likely path of breakout, I suspect, but I still think "not yet."

the freep