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Strategies & Market Trends : The Options Box

QQQ 596.31

-1.2%

Nov 18 4:00 PM EST

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To: Poet who wrote (9876)	3/7/2001 10:12:01 AM
From: hobo	Read Replies (1) of 10876

Good morning Po, Look at this crazy market ! some of the techs were UP earlier in spite of the bad news.... that is puzzling, one would say the market is not paying attention to them... Although now they seem to be acting more normally.. but no apparent sell-off as it is usual when news like JDSU's etc come out. ORCL, SUNW, BRCD are up... As I said earlier, some of the super-bears must be a tad frustrated... Hey, maybe the YAHOO pending news will do the trick for the bears... Hahn ad an interesting piece in his update about prices of oil eh ? Crude oil futures maintained a breakout above overhead resistance. The breakout from the triangle drawn on the chart is very important. The price of crude oil grows in importance each day it is above $25 per barrel. Chairman Greenspan's prediction for falling inflation later in the year is dependent on a decline in the price of crude oil. If crude oil stays where it's at, economic projections will need to be revised. p.s. hmmmm the market is beginning to weaken....

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