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To: donald sew who wrote (23458)5/24/2000 12:39:00 PM
From: Robert Graham  Respond to of 42787
 
I agree. There has been no buying interest. VIX is moving up. But at this point I would be looking for a fake out that is noticeable among thsi congestion clutter for a fake out. Direection has been too obvious. :-) Still, even since I saw it go into that "crapper" I spoke of, I have been expecting more selling to take place. However, I am also aware how the market can fake people out at these junctures, particularly when they start showing up in the larger time frames. Add to that the lunch period will end soon. Great time for fakeouts.

But I still trade only wat I see, not what I attempt to anticipate in advance. :-)



To: donald sew who wrote (23458)5/24/2000 12:39:00 PM
From: HammerHead  Read Replies (1) | Respond to of 42787
 
Flirting around 3100, will see if the fear will prevail.
SUNW just broke $68.



To: donald sew who wrote (23458)5/24/2000 12:52:00 PM
From: HammerHead  Respond to of 42787
 
CSCO is the last gladiator on NAZ. If it can't guard at $50, then...



To: donald sew who wrote (23458)5/24/2000 12:55:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42787
 
Don, take a gander at this line chart of the Wilshire 5,000

csf.colorado.edu

it shows that the US equitiy markets have on the whole traced out a classic three-peaks-and-a-domed-house formation.

in fact this chart of the Wilshire looks exactly like the chart of the Dow in 1929 prior to the crash.

i'm not saying we'll get a crash, mind you. just pointing out that this chart pattern is exactly similar.

regards,

hb