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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (25048)	7/8/2000 9:42:19 AM
From: bobby beara	Read Replies (3) \| Respond to of 42787

>>>You speaketh with restrained tounge.<<<< i believe the market is stuck between what looks like breakaway gaps off the bottom and 4000 area resistance at the top and trying to decide whether this is a bear market rally or just another correction in a bull market and the market is trying it's best to fake-out participants both ways. here is a bearish opinion: syharding.com i got this info from jt a couple of months ago >>>>>on march 8th close- 3 billion 878 million was long in the rydex otc (NDX 100) and a paltry 110 million was short the NDX 100 rydex arktos fund. thats 97% bullish money/versus bearish money in otc at the top, that looks pretty bubbly to me -g- i pretty much think that it don't get much better than that -g- but shows that sentiment indicators like this are not good for pinpoint timing, because they can get to outlandish extremes, but they do get you in the area, if you can use e-wave/chart patterns or some other indicators to confirm. Nokia has been a pretty good indicator as i noted on mdd, everytime it hits the top trendline of that broadening pattern, the market has made a significant top. glw has been the leader of the hot optical group. 207.61.23.98 it had 95% july call options $ per impristine on 6/23. from the 4/14 lows the top this week is a little clouded, i can't say if that was a wave 3 top or a wave 5 top. and btw, one guy switched back from neutral to bullish last nite on wsw elves, now back to 8 bulls 2 neutrals, man the press is bullish after a nasdaq 37% crash, in 1987 everybody thought the world was gonna end -g- i hope we rally at least into softie's earnings.