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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.64

+1.9%

Feb 6 4:00 PM EST

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To: j g cordes who wrote (32042)	4/19/2001 9:35:54 PM
From: j g cordes	Read Replies (1) of 70564

"Down tomorrow" is only a statisical comment, not that stocks don't have further to climb in the future. They obviously do with favorable interest rates and recovery out of the dot.com bubble induced selloff/tech-recession. For the averages to put on a 10th day is unusual. As for stocks catching up to AMCC's run, more likely AMCC and JNPR will back off a little while other's move up some.. but I don't think over the next weeks all the laggards are going to move 120% especially if the momentum slows. Anyway its a great rally and like you I am looking to the upside (with a few short term put plays).

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