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Strategies & Market Trends : MOVING NOW!
CTIC 9.0900.0%Jun 26 5:00 PM EST

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To: Teri Garner who wrote (722)10/12/2000 12:32:44 PM
From: bobby is sleepless in seattle   of 8046
 
here's something I copied of interest...

To: Wang Wei who wrote (386)
From: robert b furman
Wednesday, October 11, 2000
9:13 AM ET
Reply # of 461

In my laymans term it measures complacency as a low number and fear
as a high number.

In the lows of 2 years ago(sept 97 showed a 40 with a secondwave that
came in around Oct 6-8 that climaxed around 60.

This spike occurred as all the big cap MOMO's that were safe finally
brokedown./ In fact most dipped below 50 or 200 day moving averages
for a short 2-3 day dip.

The market recovered and didn't look back.

Bob
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