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Pastimes : Trading the markets.....

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To: Logain Ablar who wrote (4316)	4/5/2001 12:48:53 PM
From: robert b furman	of 4583

Hi Tim, I think in thursday's paper or maybe friday's paper -the commentary said all follow thru days were negated as a result of the new low established (in the naz) -Although a new low wasn't made from 3/22 in the Dow my guess is it still is considered a follow thru for the Dow. O'neill usually comments that one market will lead out. I guess it is a no brainer that it won't be the naz. Surely a giant amount of overhanging stock still exists.The caveat to that is huge short positions exist as well. I think as a general rule shorts are the cooler heads and will work out their positions methodically and patiently.It would take the institutions clamoring back into tech for a hard squeeze to surprise the shorts into a panic. I'm not expecting that. Louie Navellier said it well this morning,Once wallstreet leaves tech they won't be back tomorrow. We'll need to consolidate and reaccumulate some wonderful positions.Run silent Run strong !!! Bob

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