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To: patron_anejo_por_favor who wrote (17881)9/13/2000 5:58:05 AM
From: AllansAlias  Respond to of 436258
 
I concur patron.

I spent 4 or 5 hours last night reading charts, trying to track sentiment, thowing chicken entrails on the deck, and all other manner of divining.

On the NAZ I closely follow the top 20 leaders. At turning points I assign each chart a score from -2..2, where -2 is a chart that looks likke it will do more giving, 0 is neutral, and 2 is a chart that wants to bounce/appreciate. I had a lower score yesterday than for the May lows.

We'll see. Old-econ and dollar have to help or else.



To: patron_anejo_por_favor who wrote (17881)9/13/2000 8:47:50 AM
From: AllansAlias  Respond to of 436258
 
Yes, INTC was only one of only 5 or 6 of my 20 that I gauged would "want" to bounce here. Other SOX components do not look so good. I have regularly brought up ALTR because it is such a large component of smelly. It has now caught the "technical flu".

ORCL is a cornerstone of the mania and has a wonderful run of course. It is so ridiculously overpriced that this haircut was to be expected. You are right -- it's gone real soft.

I have just got back from the course so I have done no morning prep, but as of last night I figured we had a good chance of breaking the NDX lower line IF the dollar gives a little and old-econ rolls over some. God knows they are due.