Ask DrBob Message Board - Msg: 17601345

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	6/13/2002 10:24:32 PM
From: indexit	of 100058

charts/trading Same old same old, mixed, possible bottom, oversold, or on our way to the next leg down. News can be a mover in this kind of market. What I really focused on tonight were bank stocks. Been taking a pretty big dump lately and not a lot of support out there. To hard to tell still which way we go, could be news in the morning to get it pumped (to sell into) but probably not going long and if things look ready to break will go short. The volitility I am seeing in charts can indicate a top, or this is another step in our stepping down pattern. If it starts to get ugly could set up a black Monday. I think everyone is getting sick and tired of this garbage market and could be ready to throw in the towel. I know I am. But everytime I start thinkinbg this way the market pulls a rally out of it's ass. Doubt that's going to happen right now unless there is some great news. We could get a good pump with the Bush broadband stuff and Sunw confimrming. If we do head up a bit I could see throwing out a short or two. Long overnight in ah CSCO for that little pop I am hoping for in the morning (we shall see). Mcclellan summation is in free fall.

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