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Technology Stocks : Full Disclosure Trading

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To: The Ox who wrote (7987)2/24/2004 1:07:10 PM
From: Return to Sender  Read Replies (1) of 13403
 
OT: Susan and Michael; I am talking about the kind of fear that is measured by panic among the bulls and bears piling on to short stocks.

We are not seeing that today. We have not seen that since December despite the selling in the NASDAQ and SOX since then. If we were seeing that panic selling today then the VIX/VXO would be closer to 18 rather than selling off now.

The put to call ratio would also be up over 1.0 as institutional and retail investors pile in because they are afraid they will miss the market implosion.

This rally we see starting today will not go far without more real FEAR measured by the indicators I am following and many others as well.

I will be tempted to take small profits on my current positions without a rise in the total put to call ratio and the VIX/VXO.

Be wary my friends because there simply is not enough fear in the market now at all to spark a really good rally.

JMHO, RtS
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