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To: Return to Sender who wrote (7917)	2/19/2004 1:25:22 PM
From: The Ox	Read Replies (2) \| Respond to of 13403

OT My initial post on ASYT suggested that we may see the gap up from this morning closed before any major move up. Lots of overhead resistance from the drop, as well as profit taking from the buyers of the dip. There was plenty of buying going on yesterday afternoon and the pop this AM is encouraging selling by both those long and those who want to keep this down, imo. fwiw, I didn't mention it this morning but a gap and crap setup looked very likely on most of the high fliers. The unemployment news was fairly positive and that certainly helped out early but we are also facing options expiration tomorrow. With that in mind, I doubt we see a new breakout of the indexes today or tomorrow. However, if we print and close over 1160 on the S+P, we could really be off to the races. I think there is a huge stealth battle going on to prevent this from happening and this battle should continue until early next week. Just my thoughts, not worth risking too much on it. Until we fail or break up, it's probably wise to just keep the trades on a very short leash.