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To: Shack who wrote (134965)	8/1/2006 2:58:35 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

UTIL....<<not an index where one would hope to see market leadership coming from.>> Agree.....but as a key interest-sensitive sector, very relevant to the overall market climate..(FA?) BTW we should now start moving into the closing ramp..TRINQ up in the clouds..positive divergences all over the place.....??...

To: Shack who wrote (134965)	8/1/2006 3:21:41 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

<<Well I couldn't ask for much more form LRCX>> You could ask for a proper volume pattern.....and what you have IMHO ain't the clearest-cut in the world....Place your hard close stops....LOL..

To: Shack who wrote (134965)	8/1/2006 3:26:33 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Shack, what "very bearish wave pattern" do you see on SBUX? If it's an ABC off the July high, A=C would take it to strong support around 30, about a 3 point decline from the current price. Not much of a payoff if that's what you mean, but it might be worth a few October puts. Although one can infer that it's in a five waver off the May top, I don't think it's going to 24 anytime soon unless since the May top we're truly gotten back into the 2000-3 market-wide bear. And bullish seasonality in a couple of months should might stem any serious decline beyond 30, IMO. stockcharts.com Indicator-wise on the weekly, OBV doesn't look that bad at all (no serious trendline break yet) and the last few times the CCI has gotten this oversold it's been good for at least a 6 point bounce. stockcharts.com On a FA note, I often look for stocks to short that have a serious problem at hand (or one looming), but SBUX doesn't seem to have any; it keeps putting most of its capital into opening new stores implying a continuation of their somewhat classic growth story.