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Strategies & Market Trends : Sharck Soup

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To: Wes Stevens who wrote (17410)	4/19/2001 6:57:13 PM
From: mish5000	Read Replies (2) of 37746

Wes: Drop the NAS by 100 points tommo? No way...check the A/H activity. I think you will find that there is PANIC buying going on all over the shop....second tier BVSN, ARBA, PPRO (Went long Earlier) all up sharply - not to mention the big names = JNPR, CIEN, CHKP etc up the customary $5 as per usual. What we are seeing is the classic - "fearless trading" scenario creeping back into the market...no one wants to be the last one on the rally boat...therefore prices will just keep on getting inflated until someone finally decides to pull the plug...Remember the greater fool theory and apply it here. Forget wedges and triangles - we have panic buying in the air....and you know what that means? Yup, time to start planning those shorts....

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