Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (27007)	1/4/2002 12:01:38 PM
From: TechTrader42	Read Replies (1) of 52237

Note the divergence with the VXN and Naz today. Curiously enuf, option traders aren't all that bullish. This was the case even when the Naz was higher this morning, and it was one indication that the Naz might pull back. Some sensible traders had the temerity to fight the tape, it seems. The CI's (which move with the market, not inversely to it) show the same thing: ST Naz CI: 66.471, 78.235 MT Naz CI: 66.471, 78.235 LT Naz CI: 93.880, 96.027 The upgrades and parade of bullish analysts this week seem a bit odd, since earnings reports aren't expected to be good. The hype machine seems to have been in overdrive this week. One can't help taking a cynical view of the whole crooked racket.

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