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

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To: AllansAlias who wrote (65791)	2/8/2001 12:37:02 PM
From: JRI	Read Replies (1) of 436258

Allan- Looking like we are thinking the same here.....At about Compx 2650, we re-enter the upward channel drawn from lows/highs since Dec. 21/Jan. 3rd lows...I posted to Shread this morning that i thought it would provide resistance, and it has....I'm looking for us to try a weak retest this afternoon, and failure.....then the channel is dead (if not already)...and then down we go.. Where I am stumped: Could this be (1) The finally awaited capitulation (coinciding with the de-thronment of Cisco..and under $30)....or (2) A simple retest of the 2300 low...(which would make sense on a P&F chart...many looking for that to hold)...OR (3) Do we do some Fibo retracement (61.8%, or 2496) and head higher.....capitulation to come much later? Until this morn....I figured we were going to do (3)...and maybe (2)....however, the market seems SOOO Lame....Cisco, and many others breaking down badly...AND the bullish sentiment numbers are still unreal......could we get the surprise flush sooner rather than later? Anyway, appreciate your thoughts and any technical levels..

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