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To: Shack who wrote (135310)	8/8/2006 5:59:31 PM
From: steve from ihub	Respond to of 209892

we have been slopping around in this range for weeks. its got to come out some day. progress in either direction cant seem to generate any momentum. that will change which ever goes first, 1260 or 1290 spx. until then i will hang onto my opinion though i did admit earlier today that time is running out for the move up to happen which of course means odds of tankage are increasing.

To: Shack who wrote (135310)	8/8/2006 7:56:14 PM
From: The Freep	Read Replies (4) \| Respond to of 209892

Why 1275, though? Why couldn't today's move down be the 1/i of something? Then the high of today becomes the only way we know that we're not heading down sharply? CSCO will likely gap up, but can it do anything for non-networking tech? I think ikt's Ray who's been talking of a networking bottom, and my suspicion would be that IF we have a networking bottom, we probably aren't plunging terribly hard on the naz. But then again, if that bottom call is one wave early....