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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (8502)	12/1/2000 1:16:41 PM
From: Logain Ablar	Read Replies (1) of 30051

Zeev: INTC looks ready to break and since it is one of the Generals it will take the DOW with it (colleteral damage to HWP, IBM, MSFT, CPQ and as you pointed out the equipment companies). The bullish % jumped again and its just too high. I've spent the day lightening up positions. While I hope the rally last 3 days not one has lasted more than a day and a half since the end of August. Still not enough fear. Also removed some of my GMO's including the holy one just over $7. Yesterdays action means the odds of $4 increased considerably. Remaining longs should think long and hard about getting out on this DCB. The next downswoon in the market should bring it to $7. Tim

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