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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: bobby beara who wrote (79568)	7/6/2001 2:59:26 PM
From: t2	Read Replies (2) of 99985

Thanks bb, Also saw the put/call ratio pretty high today..a little fear. Also saw CNBC reports of big block trades going on in EMC. I guess there may be capitulation going on in certain tech areas. I can say that I feel almost as negative about the market as I did late March but that was a great turning point...basically bought up in a big way. Just trying to determine the odds of a repeat. The put/call being higher is a good sign but VIX and VXN nowhere close to where they were back then. I only look at a limited number of indicators. In any case, I am staying long...was about to sell but my key indicator..Intel is still at yesterday's afterhours quotes. Believe it or not, I tried to dump a bunch of my tech holdings yesterday in order to pick up some CPN yesterday...could not get a fill on the sells. CPN up big today...ouch!. Thought it was getting too beaten up and the CEO was on TV last week..detected a very bullish tone to the interview. Just waited too long to buy.<g>

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