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Re: MyHunch post# 70288

Thursday, 01/30/2003 9:24:15 PM

Thursday, January 30, 2003 9:24:15 PM

Post# of 704041
Could very well be, if we breach $31, I'll take my lumps. I actually think that by the time we open the futures will be up and tomorrow will not be sharply down, IDPH could surprise and rise. Note that despite us getting pretty close to the weekly low, the number of new lows has not expanded, tomorrow might be quite interesting, three days now we bounced against the 1320/2 area, and aj does not believe in triple bottoms, so we muct break down, yet the lack of expansion of new lows indicate that selling pressure has not mounted much yet. Tomorrow, therefore, might be an "outlier" in the major trend (and aj will get his last day of the month up on the Dow...). I don't believe in triple bottom either (my wording a long time ago was "third time is the charm and follow through..." If you have any weak longs, tomorrow might be a good time to get out...

Zeev


AZH

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