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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (26700)	10/12/2000 2:33:39 AM
From: Perspective	Read Replies (3) \| Respond to of 436258

CREE about to leap into the abyss. May even be joined by ORCL. Yikes. I reiterate my "Strong Avoid" rating on Indian Nutz stocks: SIFY, REDF, and INFY. BBY - ticker says it all - Buh-BYe! <gggg> Want a biotech with downside leadership properties? Check out NGEN. Hmmm... RMBS doesn't seem to have a whole lotta support here. Put-call still climbing, but it's still just 0.82. Not into the green light region yet. [EDIT: This hadn't updated for today. Number was 0.92. That's about what we hit in the April-May decline. This decline is much more serious, though, with the leaders and Old Economy giving for real. I think we'll get back over 1.00 on this indicator before we can piece together even a week-long rally.] I agree that there's no way the first test of the S&P / DJIA Bubble line fails, but that test already happened and produced a vigorous bounce. We might retest it as early as tomorrow. That line is for all the marbles. I was genuinely impressed by the SPX action today. I was trying to get long a couple of SOX members, and that drop this morning made me blink. It is extremely significant that the Old Economy is giving here. We now have all major averages poised on the brink - all it needs is a little shove over the ledge. BC