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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (8419)5/23/2000 7:48:00 AM
From: John Harton  Read Replies (1) of 11051
 
DJ Re Triangle

I hear ya dude! This spring is wound up real tight. There's a lot of bearishness out there right now and we are coming up on the summer hiatus(June through Sept) when the market has generally been futile.

OTOH from what I understand, there is a lot of cash(fuel) on the sidelines and no particular joy for bonds(in a rising rate environment).

So..I might be the owner of a brand spankin' new .. STRADDLE? (Or is that the cowards way out?)

Will see how it goes today

JH

PS From trolling through the OEX 100 it strikes me that the big boyz charts look mostly OK. It seems that the FEAR/GREED sentiment problem is all in the NAZ. When a big boy chart looks shakey its almost always a tech. In the eyes of the nervous public the Naz rules. JMHO
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