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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: jjs_ynot who wrote (10846)	12/22/1998 8:58:00 AM
From: Patrick Slevin	Read Replies (3) of 44573

<don't have to rummage through the trash> Believe me, it was out of the question. It's drizzling and I'm afraid I'll melt. Hegarty thinks the quality of the rally was poor; he says "how could any market veteran not point to internet stocks as a source of irrational exuberance"-----".....all scored market gains that should make market bulls lose sleep". "Fear has been replaced by exuberance. Equity call buying was more than double put buying yesterday." Why didn't he tell me this yesterday? He expects a Close near the day's lows. He wants to sell the spoo, buy puts on the OEX and expects a pop in the morning then down. No one agrees on anything, do they?

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