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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: LLCF who wrote (18192)	9/14/2000 9:28:16 AM
From: AllansAlias	Read Replies (1) of 436258

Obviously we have futures going nuts. It's still early, but looking at the bidding on the big boys we seeing seeing a manic frenzy! Quite honestly, if I were a permabull I would not welcome this sort of opening. Gapping up 50 points is not nearly as good as opening flat and grinding up through resistance. This is not the way to solidify a long-tailed bounce such as yesterday's. So, let's say they gap it up to something silly like 3790. Hmmm... That'll slice right through the 50 dSMA and put us squarely under the 200 dSMA. 200 dSMA on CSCO is around 62-1/2 this morning. It will be interesting to see if they bid right over it. INTC critical s-t resistance is the May-Aug line it gapped down over yesterday. Rising, but at ~64 this AM. ORCL catching a real nice bid. Critical test there is ~84-3/4. RMBS -- the meltup I smelled is getting the proper launch. This breakout could be just astounding if it gets legs. Wtch to see if they can climb YHOO over $110-3/4. Bad news is being ignored chez Yahoo. QCOM. Recall the famous coiling formation that goes back to Jun/Jul. Well, she's gonna pop at the opening and if there is good volume it is gonna just fly. It would probably print $70/71 today.

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