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To: AllansAlias who wrote (2098)	2/24/2009 2:41:04 AM
From: NOW	Respond to of 3209

nice calss AA: this is downright ugly. got any C targets? SPX 620?

To: AllansAlias who wrote (2098)	2/24/2009 11:25:50 AM
From: Perspective	Respond to of 3209

AA, do you think we are really going to be able to produce a bottom of significance with this kind of options sentiment? My general impression is that we need a scary retest of the November lows in order to produce a lasting bottom. Nothing I've seen so far looks all that scary to me. Options players are buying it, and the decline remains orderly. In particular, all the prior hideouts remain virtually untouched by the recent decline. I place a lot of emphasis on the participation within a decline. When I see that the entire restaurant and retail sectors are not participating AT ALL, and when I see institutional favorites like AMZN and BBY hanging tough, I just don't get the impression that a low of any significance can possibly be made. This bottom should scare the daylights out of everybody, right? Or was it just the November low that was supposed to do that? Where is the fear? `BC

To: AllansAlias who wrote (2098)	2/24/2009 11:44:25 AM
From: Perspective	Read Replies (2) \| Respond to of 3209

To underline my point about complacency: Message 25439401 I'm curious to hear your thoughts, because I really really really really really don't like to take the opposite side from you on any trade. `BC

To: AllansAlias who wrote (2098)	2/24/2009 12:22:49 PM
From: Perspective	Read Replies (1) \| Respond to of 3209

As long as I've got yer attention, dontcha think the NDX needs to probe that 2002 low? That would take a pretty substantial dump from here in order for that to happen. That thing's down around 800, from our present 1150. That's about 30% down from here! `BC