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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.00

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Nov 11 4:00 PM EST

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To: Iris Shih who wrote (21331)	6/3/1999 8:18:00 AM
From: Clint E.	Read Replies (5) of 67861

Good morning. I agree with your first paragraph. I'll day trade anything that comes my way. I characterize yesterday's rally as an “oversold, relief rally” that was sparked & maintained in the "NDX" stocks. That divergence was evident even in the net stocks where size & affiliation mattered most. The on-line traders that bid up the net stocks must be running out of cash(lost most in the last six weeks) & unenthusiastic/unwilling to bid up the 2nd/3rd tier net stocks and stay in them. Live & learn. I lost money that way myself three years ago. Clint

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