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To: Trumptown who wrote (287873)	5/21/2004 12:14:00 PM
From: Jane4IceCream	Respond to of 436258

Saw a 100k bid on L2.... Volume picking up...nice. Jane

To: Trumptown who wrote (287873)	5/21/2004 12:53:49 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 436258

Had a couple excellent long trades this morning in futures. How does it feel to be part of the 18% club SR? On a darker note, there is a big if/then/else thing to think about here. IF price does not do bizzare up things today AND there is no follow through at all on Monday OR a reversal on Monday THEN the chances of a break down and a resumption of the downtrend start to increase dramatically. SPX etc are all in potential continuation patterns right now which we call the EX/RC/EX. Chart examples: trendvue.com You can see the setup for the long today played out, now its a case of whether follow through arrives next week or not. If not, then another 20% haircut off the 2003-2004 rally is likely. If so, then I want to see some higher highs and lows happening; I'll put a little more capital to work on the long side after the first retracement proves that it can go up again. Interesting times directly ahead.