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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (34259)	3/14/2002 12:44:40 PM
From: AllansAlias	Read Replies (1) of 209892

Nope. I am short non-tech (S&P actually, with a few non-techs on the side) and have been since last week. I am only wanting to hedge. I still see everyone looking for a bounce. The p/c was certainly high enough to support it. No question we are s-t oversold. Yet, we don't bounce; all we do is work off some oversold. I can make an excellent case for COMPX running to 1886 (yesterday's high btw) this afternoon. Anything above that and I'll be impressed. Non-tech shouldn't get any help from the banks here. They have been a weak cousin all day and are pinned under than wedge I posted a few times yesterday. Above BKX 893 or so and I'll change my tune on that one. There seems to be a lack of interest here from both sides of the trade. Maybe it's due to expirey, but it's been this way since the beginning of the week. It's as if everyone has adopted a wait-and-see approach.

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