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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: AllansAlias who wrote (29720)	9/13/2000 6:23:53 PM
From: bobby beara	Read Replies (1) of 42787

>>>but where was this "extreme" put buying? BTW, I think it would take a near miracle for QCOM to get to $100. I do not say this because I am bearish on QCOM. It just seems unreasonable to expect it move up 60% without some big fundamental change. Even if the current wedge/triangle pops, and it looks like it wants to, an<<<< alansalias, u been spendin too much time on CFZ, this market has nothing to do with fundamentals, it's all sentiment and liquidity, if the crowd of mo mo's seezs qcom break out of that wedge manana they'll all pile in and proclaim it again king of the world -gg-, i'm not saying it will, just that it could. as far put buying the last time we saw this kind of put buying extreme was in mid april. remember this is a bull market and there are an army of traders out there that see this thing on nasdaq as a basing pattern, da bears ran out of gas today and couldn't make it across the intersection, thats not to say they need a couple days rest and gasse up for another try, which i think is due at least from here.

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