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Strategies & Market Trends : The Thread

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To: Wes Stevens who wrote (43823)	4/17/2001 11:10:52 AM
From: KevinMark	Read Replies (3) of 49816

>>>Who is going to be holding longs going into tonight? <<< Me. Like I said, the dip would be bought, just like it will after intc's earnings report. The news is built in for the short-term. When everyone's bearish and the mm's are already in at lower prices, they will continue to move this market higher until the indicators turn bullish again, which I don't see. Put call ratio yesterday was 4 to 1. I guarantee you every put bought in the past 1 1/2 weeks will all expire worthless this Friday. Investors are kicking themselves that they didn't get in at much lower prices, and are begging for the markets to go lower so they can get in too. I don't expect much of a pull-back this week at all. Next week is a different story, but I expect at least 2100-2200 and possible 2500 before this rally ends.

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