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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (21191)	11/14/2001 4:06:50 PM
From: JRI	Read Replies (3) of 209892

We gapped to 1710, and closed at 1703...so -7 on the day... We saw this stuff before this year, and it was right before tops.. Not saying this is any kind of top, but with a +21 and -7 the last 2 day, net +14....not humungous buying here...and that there is, may just be shorts covering... Oracle missed (software). NTAP lowered forward guidance (storage). If AMAT (chip equipment) guides lower, is the market going to recognize reality? Sooner or later, these warnings will sink in, and we will get at least a correction. I got a 33% bet that today's the day... Oh, best of all, bearish engulfing on MSFT I think...some individual stock charts really showing strain/turning, while indices hold up.....option ex/games going on? Maybe Intel bought to support indices today?

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