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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (64119)	9/24/1999 2:18:00 PM
From: Defrocked	Respond to of 86076

We only got 4 or 5 points of the squeeze I was looking for, 1289 to 1294 about 40 minutes ago. I thought they'd try for more, squaring positions, as I was hoping to reset some shorts higher. A weak close seems like too much to ask. The market can't seem to hang on to the gains though...strange after such a bad week and strong bonds. (I'll be going home short a few SPoos but I've had them a while.) I know some SPoo traders that argue the bullish case saying the market bounced off the 200DMA DJIA line today. But the counterpoint is the SPZ is way through its 200DMA and that's what they're trading. Plus the NL>NH and Decl>Adv. absolutely stink along with the $. Lots of profits need to get booked. I like a quote somebody said around here about musical chairs...the big fish are already sitting down.