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Politics : High Tolerance Plasticity
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To: JungleInvestor who wrote (7486)9/6/2001 2:45:07 PM
From: Warpfactor  Read Replies (1) of 23153
 
Re: ARMS Jungle Investor:

There was a guy on CNBC the other day with a similar message. Indicated that we also need "the big blowoff" with a daily TRIN way up there, say over 3 like we saw in March/April. The market may be setting up for that - noting the gradualism of the declines for the past several weeks.
Today we had an intraday TRIN over 3, but now it has backed off to lower 2's. I'm guessing that it's closing numbers that count.

I see the VIX continuing to sneak up, now into the lower 30's.

I notice we have two groups of people here. One group seems to think that tech is dead for years, that we'll be able to pick up JDSU and LU at 3 by the time all is said and done. Others (Jim P and KB et al) who are just waiting for the right entry point.

Warp
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