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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 684.45

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Dec 4 4:00 PM EST

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To: Clint E. who wrote (32744)	6/12/2001 12:08:47 AM
From: Johnny Canuck	Read Replies (2) of 68613

Hi Clint, There are a lot divergences in the market right now. I don't think traders can make up their minds right now. I think Zane's approach of being long and short at the same time is about the only approach short of staying out of the market all together. I have to admit I can see scenarios that support a big rally and also a huge melt down of the market in the intermediate term. On the plus side I saw an analyst on TV today, sound pessimistic on the high flyers like JNPR and the Fiber Channel storage stocks. This is after weeks of pumping these stocks. Given the pull back has been modest so far, any kind of positive surprise will give quite a bit of lift to the sectors.

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