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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (44881)	7/9/2002 3:46:20 PM
From: marginmike	Read Replies (2) of 209892

Allan in 70's P/C stayed high for ever. I am beginning to believe in myths-g/ng- There seems to be nobody willing to buy these stocks at this level. The rallies are getting worse and worse. I am beginning to believe we go down hard next few days and get VIX closer to 40's then we might rally. I sold my Qcom long(even) and QQQ's for a .30 cent loss and re-shorted FNM at 72.50. I am sorry I let my IBM shorts go. This is beginning to look ominous. The fact GOLD is up today on no news is showiung that people are beginning to not no where to hide. Outperformance of stock usially leads POG and dollar decline. So we will see.

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