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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (49370)12/19/2000 7:25:55 PM
From: UnBelievable  Read Replies (1) of 436258
 
I Was Looking At The Price of Calls And Also Concluded They Were Very High

My conclusion was that the high price of Calls was a clear indicator that there has been no capitulation, that people still believe the market is going to rocket up soon, and that was a pretty good indication that we are nowhere near the bottom.

Having said that I can imagine that they will try to bounce it tomorrow and try to keep it up through the new year.

I have been having more success focusing on the primary trend, down, and using the waves to buy and sell poots and open and cover shorts, than I had when I tried to take advantage of bounces on the long side. But that is probably due to my limitations.
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