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To: The Freep who wrote (111357)	1/7/2005 7:22:39 AM
From: skinowski	Respond to of 209892

One very effective way to keep it simple is to take a look at the hourly charts of ES and NQ... before you have your morning coffee. And they look quite a bit like five-wavers, with some momentum divergences. That would mean that it's time to bounce. This morning they have the jobs report. If it's good. it will give a reason to rally. If it's bad, it will provide a wall of worry. We'll probably get a bounce either way. And now, let me go and have that coffee, so hopefully I can begin to make sense....

To: The Freep who wrote (111357)	1/7/2005 10:03:46 AM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

If I may return to a possibly sore subject, Freep.....SOX, things like BRCM you've mentioned, and INTC/KLAC others have talked about...... Would sum up my approach in three words:.. don't fight the trend.. ..........trend as indicated by various trend lines, of course - short and longer term - but primarily as indicated by the MAs...... I've yakked enough about that latter quirk of mine, developed over the years, so I won't bore you by repeating my mantras.