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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Johnny Canuck who wrote (35401)	12/5/2001 1:46:50 AM
From: Lachesis Atropos	Read Replies (2) of 69126

Hi Harry -- I am waiting to buy some puts. Looks to me the market will top out from Fed rate froth and stimulus package on or before Dec 21. So we should see a short lived retracement that will bottom in Jan-Feb-March In April it took an average of 39 days and SD of 14.5 days for the market to top out. So far the market has been going no where for an average of 44 days with and SD of 16.26 -- possibly forming a top. The stocks I have marked as leaders are still -7.44% off of their previous highs. If the leaders do not break out, there should be a good opportunity coming up for a tradable down trend. Lawrence

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