The Naked Thread - Big Cajones Not a Myth Message Board

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Pastimes : The Naked Thread - Big Cajones Not a Myth

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To: John Pitera who wrote (69)	9/23/1999 9:56:00 PM
From: Jorj X Mckie	Read Replies (1) of 141

Pretty much the market looks like a big pile of carp. NYSE BP turned south some weeks ago along with some of the other short term Bullish percent indicators (HiLo, %10 MA and Optionable). The short term indicators went positive a couple of weeks ago which gave a short term bullish outlook. Last week the HiLo went south portending badness, then the %10 MA turned south last night. That was bad enough, but then the optionable stock bullish percentage turned south today. The piffers will all be bears at this point. The DJIA and SPX both took out key support today too. Much badness. Did I tell you about my SPX puts:-)

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