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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Shea who wrote (15262)	11/18/1999 12:36:00 PM
From: Joe Smith	Read Replies (1) \| Respond to of 57584

Just taking a small hedge position. HWP earnings gave reason for a bit of a pump. Bond market is weak, metals and oil holding up. NAZ is looking very toppy to me. Might get to 150 on QQQ. I'll just short a bit more. Still might be more speculative frenzy before dump, but there will be a dump. Look at two-year chart of NAZ. I do not believe that this is a replay of November-April of last year. It looks like it, but I think it will run out of steam this time.The market was not nearly as oversold as last October. More like the June-July rallies. Three interest rate hikes, the bond at or above 6 for a while. This is a very different economy. The economy is very toppy as well. No extra workers to fill spots without pressure.