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Technology Stocks : Full Disclosure Trading

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To: kdavy who wrote (9244)	8/25/2004 4:09:18 PM
From: Return to Sender	Read Replies (1) of 13403

OT: I've lost a lot of my faith in put to call ratios as being a decent predictor of future market action. Right now the market has been rallying on low volume. The volatility indices are low and getting lower. The total put to call ratio is neutral. investorshub.com Look at these charts of the major averages if you would: investorshub.com In my opinion the DJIA and the S&P 500 have a good chance of rallying up to the respective 200 day sma's but not much further. The NASDAQ? It probably will have a tough time with the 50 day moving averages. There just is not enough volume in this rally to go much further in my humble opinion. RtS

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