After reading the Kristof piece on Howard Dean this morning, I looked a little harder at Dean's background. His father, grandfather, and great-grandfather were all investment bankers. He grew up on Park Avenue and summered in Sag Harbor. His parents belonged to the Maidstone Club (a place where Tiger might have difficulty getting a tee time). How much more old WASP can you get?

And Comtech, another Abnormal Character I dismissed, set up beautifully... that's what a "bear flag" looks like folks, a retracement in a clear downtrend, lovely stuff, tiny 50 cent risk on entry.

In hindsight, CVTX (the #1 abnormal character) would have been a little better play, though nothing to write home about on a risk reward basis.

Stephen Roach worries about what lurks over the horizon. I suspect one thing lurking over his personal horizon is a large six figure bonus check for 2003.

Sentiment has gone hard bullish it looks like... scratching it for a couple penny loss ... this triangle may eventually resolve down but I'm moving on.

Hmmm, the puppy went to sleep on me, trapped between those key levels all afternoon... I'm gonna scratch out if I can.

You can see all the game play in NGEN this morning... I'm gonna walk away from it now, keep the p-stop above. See you in the afternoon, guys.

People are asking, Chairman, isn't this play countertrend? And the answer is, yeah kinda, it's more like no trend triangulation / strangulation... playing inside triangles is almost always a bad idea, but I'm gonna sit tight.

Too many darn people are now reading this site and they're messin' with me, lol.

Is this bad dog gonna try to bite me? It's growling.

Watching to see if NGEN starts yanking the chain at 6.14ish, see if the dog refuses to lie down.

Nice coiling action in CERN....

P-stop 6.60 NGEN

NGEN's poking and playing... pay attention.

CERN, JBLU, NGEN all interesting to look below...

Tone feels poz so far this morning, bonds selling off a bit after the huge move last Friday. The big gap downers like CVTX and CERN are interesting though... wait and watch.

Ha! Another great ticker symbol is on the scanner: DFIB (Cardiac Science, Inc.) I LUV it.

I was shopping downtown this morning and dealt with a salesgirl who was absolutely drop-dead gorgeous, just stunning. I asked her what I ask all the beautiful women I deal with in London: So which eastern European country are you from? (She was Latvian.)

Eyes on these stocks: APPX, BIOM, CVTX, DFIB, JBLU, SNDK, TERN, among others... Reviewing Friday's action (I was away), it looks like JBLU was a good set-up on the short side, though the risk reward wasn't so great in the end. It's still on my radar screen today.

Doug Casey writes about the value of free investment advice and explains what happens when the public starts chasing the latest hot sector:

Doug Casey's archived articles at WorldNetDaily.

Caroline Baum writes about the problems posed by the Fed's dropping the "considerable period" clause.

Nicholas Kristof writes an excellent explanation of why Dean can't beat Bush in 2004.

I have no idea why Dee Dee Bridgewater won a Grammy for her album, Dear Ella. I found it second-rate, at best.

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