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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (25840)	6/2/2001 11:47:55 AM
From: Paul A	of 37746

You know what this really comes down to for me? The fundamentals would imply that semis are too expensive- but your right, they keep giving these hints of bullishness no matter how bad the news gets... but I also see exhaustion.. Thats why im fully positioned in most of my shorts, and its either make or break early/mid next week.. Id rather stop out if we continue to advance rather then fight it- because at that point, one has to ask wether or not their bullish or bearish views are warranted :) I think the very fact that alot of people are short the nasdaq is one reason its doing such a churn.. and the media is so bullishy slanted, adding fuel to the fire.. but I just cant see the market shaking off these fundamentals.. The only bullish cases being made are when companies project 3-4 quarters in advance and say we will stabilize at that point???? Lets see if the market can shake off all the warnings from semis this week.. Im sure there are going to be some really REALLY gloomy warnings. I just dont think we can shake this weeks punches off.. I really dont.. ah well.. time to relax another weekend away :)

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