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Politics : High Tolerance Plasticity

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To: Warpfactor who wrote (12359)	2/10/2002 4:50:00 PM
From: chowder	Read Replies (1) of 23153

Warp, in looking at the 30 minute chart of the NASDAQ from Friday, notice the surge late in the afternoon. stockcharts.com[h,a]faclynay[pb200!b9!b50!b36!b18!f][iut!Ub14!Uk14]&pref=G This surge wasn't accompanied by any specific news and we know it had nothing to do with earnings reports because the surge was late afternoon. My guess is that after 5 straight days of heading down, and going in the weekend, we probably witnessed a lot of short covering. Absent any news breaking events, I look for the NAZ to continue down towards the 1750ish area as I've mentioned before. We need a couple of days of the bulls selling out of frustration should Friday's action not be followed up on Monday. dabum

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