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To: At_The_Ask who wrote (79550)	8/21/2003 9:20:54 PM
From: SwampDogg	Read Replies (1) \| Respond to of 209892

Great chart and the RSI has probably been one of the best indicators of tops/lows over the past few years. What is really scary here is that most money managers realize that this rally is terminal and although they have to participate to keep up they have both eyes on the exits. Unless the $BKX begins to participate the odds of one of those rare market events is about as good as it gets for that kind of thing IMO. I agree with the notion of false breakdowns here and the setting up for something pretty big. It gives the illusion of a floor that isn't really there and a visit to at least the Nov '02 highs may be in order over the next few weeks. Edit BTW On the $COMP Are we now not just testing the previous trend break from underneath? The answer is "yes" on the dailies and this may be the line in the sand.

To: At_The_Ask who wrote (79550)	8/21/2003 9:56:39 PM
From: The Freep	Read Replies (2) \| Respond to of 209892

I dunno, ATA. Looks to me like the RUT just broke a nearly 3 1/2 year downtrend. Now, I'd expect it to come back and test that breakout... but you seem to be expecting it to fail to hold. I'm really not a bull here... but I have a hard time seeing why you're bearish on that chart. You think it's finishing a C up here as opposed to being in a 3, I guess. As usual, we'll know in time. the freep

To: At_The_Ask who wrote (79550)	8/21/2003 11:27:37 PM
From: Sunny Jim	Read Replies (1) \| Respond to of 209892

Have you ever noticed that when the market gets real frothy (and extended) Ralph Acompura, Joe Battipaglia, and Abbie all come out and predict to the moon. If they were news letter writers that might be a little credible, but when they work for the big brokerage houses, it's suspect IMO. There's a high probability that they are attempting to sustain the froth by making such bullish predictions, while at the same time, their cohorts are advising their "best" clients to unload. Gotta keep the buying hot to provide the best exit opportunity for their clients. It could get interesting real soon.