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To: The Freep who wrote (93460)	3/17/2004 6:44:02 PM
From: ajtj99	Respond to of 209892

Everything about today mirrored Friday. If you overlay the 30-minute NDX charts from today and last Friday, they almost match. Volume was nearly the same on the COMP also. The NYSE had a bit higher volume than last Friday, but not much. NDX lagged at the end of the day today and finished with a 60-minute imperfect gravestone doji.

To: The Freep who wrote (93460)	3/17/2004 6:48:57 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

I think what you are suggesting is possible... maybe one good argument against it is the abundance of ED-looking formations on 15-30 min charts - just where one would expect a wiggle wave 5 of the recent carnage. If the orthodox low was last Friday, as you suggest, the outlook is bearish... if the low was yesterday, we should have at least a brother leg up after a consolidation (speaking of which... an almost 11% one day crash in VIX certainly does call for a "consolidation")

To: The Freep who wrote (93460)	3/17/2004 7:39:20 PM
From: SwampDogg	Read Replies (1) \| Respond to of 209892

The rally today was about as close to a textbook dead cat as I have seen. The relative volume vs last week was awful (see QQQ and especially SMH). The action on some of the high beta tech stocks like KLAC was surprisingly lame. Great short entry today IMO. Might have another 100-200 points on the $DOW but that is splitting hairs at this point. Gold stocks need some action tomorrow. Nice volume there today and we are close to some breaks on the dailies on a few stocks.