VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (37129)	5/22/2001 2:34:59 AM
From: RR	Read Replies (1) of 65232

Hi Tim: Had a little time to put my thumb up to the screen and get my slide rule out to square root that Naz chart after my posts a couple of hours ago. Top 2350 area? Will be watching it closely tomorrow. May buy puts at that point, depending of course on how it looks at the time. Naz 90 days indicates 2350 area to me, so does current trend line, if it holds. Breaks through 2350-2400, will look to buy calls for swing trade. If it does that, I can see where the gurus are saying 2500, 2625. However, too optimistic, even for this bull. My concern is what's the reason to make it go that high. Why? What will prop the market up? Certainly no great news to bank on, consequently, is it not propped up by mere speculation? How about liquidity? Ah, hum... I hesitate to say it's momentum as I think this is pure short term and momentum to me is longer term. We shall see. I still tend to think pull back. Tired. Going to bed. Late, 1:30 am. Long day today. RR

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