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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (26615)	9/8/2001 7:17:58 PM
From: James C. Mc Gowan	Read Replies (1) of 30051

Zeev, thanks for your thoughts re: INTC. Going short on this tech behemoth I approach with trepidation, and the mutual funds inclination to put new $$ into the 'blue chip' techs makes good sense. I did do a very short term short, al a Zeev's trading style(except short) and made a few bucks, but I had to double down and 'white knuckle' trade it overnight,ggg. I would be very interested in your thinking about the availability of funds to support/rally the techs off of this almost double bottom now. If the steady stream of 401K funds is a given to buy big caps/big techs, but we have signs from Trim Tabs of $10B sales of stock mutual funds(and ramped up buying of bond funds) whilst the commercials are increasing thier short position, can the 401K inflow support/rally the market in the absence of other sources of money. Also, M3/liquidity has been reported as fading. Seems funds in general, except for 401K automatic are drying up. Thanks, James

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