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To: Shack who wrote (130446)	3/8/2006 10:02:56 PM
From: chainik	Read Replies (1) \| Respond to of 209892

Thanks. Our approaches are very different. I have little confidence in buying breakouts and shorting breakdowns. Re oversold reading - I had SMH in mind (that's what I trade)

To: Shack who wrote (130446)	3/9/2006 1:19:11 PM
From: mishedlo	Read Replies (1) \| Respond to of 209892

Shack I have a similar question. What will it take to negate your bullish setup on banks bkk Mish

To: Shack who wrote (130446)	3/9/2006 10:26:59 PM
From: venividivici	Read Replies (1) \| Respond to of 209892

I think 2025 is the COMP level that KO's the bullish count. My current count has the QQQQ going as low as 38.14, although I have a more conservative target of 38.96. The 1 down off the January high on the Q was only 2/3 as large, in % terms, as the 1 down off last Friday's high, though. Something significant appears to be afoot. <g> And every tick we go down tomorrow only makes that final QQQQ target lower. If my count is right, of course. If we can take out 41.50, this count will probably be wrong at that point.

To: Shack who wrote (130446)	3/10/2006 11:04:25 AM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Shack, if SPX closed below 1248 and/or COMPX closed below 2200 would those be lines in the sand where you went from intermediate term bull to bear, or would you only go from bull to neutral? I do understand your overall current stance and your implied call of not rushing to judgement just yet, which today I read echoed by Alan Farley at thestreet.com: "The major indices are still grinding through sideways patterns, despite anything you've heard to the contrary. It's driving me crazy to get drowned in bull swagger on each uptick and then dumped in bear bluster on each downtick within this go-nowhere ticker tape. Why doesn't everybody, including myself, just shut up for a while and let the market show its hand? Maybe this is a topping pattern and we're all doomed. But it might also be a continuation pattern, with new highs just around the corner. In either case, let's lower the noise level and not see every minor move as a market ultimatum."