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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (27614)	8/11/2000 12:51:45 PM
From: Suresh	Read Replies (1) \| Respond to of 68419

Hi Clint, nope.. I don't want to bet... Most of the recent runup is caused by very selective list of stocks... maybe market will keep going up with just small selective stocks. I am trying to be a contrarian... everyone I see is predicting (and probably positioned) for a great second half. Except for the last 2 days equity put call ratio favors the bears. OBV's on most of the strong stocks is diverging from price action making me doubtful of this rally. I will be probably very wrong in my assumptions but intraday patterns still doesn't make me a believer in the rally. I sold my longs and now I am short SEBL, ITWO and ARBA. Later, Suresh