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To: marginmike who wrote (127904)	1/10/2006 8:42:44 PM
From: ajtj99	Respond to of 209892

Most of what I looked at tonight contained bullish consolidations. NDX target near term is 1760, COMP 2240. SPX 1297 according to the measured moves on the 60-minute charts. NWX wants 261, BTK has nothing in the way until an outside double top at 806. SMH could blast up to 43 by next week if Max Pain at 37 can't be met (I doubt it can). COMP and NDX are in nice daily channels. SOX is kind of wedgy at the top, but that should get resolved tomorrow. ELX and QLGC look ready to move up 18% here.

To: marginmike who wrote (127904)	1/10/2006 8:52:18 PM
From: ajtj99	Read Replies (2) \| Respond to of 209892

BTW, 3-month t-bills are up 34-basis points in 8-sessions. They are only 14 basis points from inverting with the 10-year T Bills: ustreas.gov Last time that happened was in 2000. First occurence in 2000 was April 3: ustreas.gov The 3-month and 10-year did finally invert a couple days later on April 7th. Of course, the 3-month and 10-year went on to invert about 60 basis points in the summer of 2000, and the Nasdaq was cut in half 6-months later.