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

To: adcpres who wrote (33887)	10/23/2000 3:11:27 PM
From: James F. Hopkins	Respond to of 42787

For me It's more in the direction the TRIN is moving , and how fast..than just some arbitrary number. Not been watching trin today as I saw the shorts trying to cover on HON by shorting GE while volume was sort of slow, so I've been busy getting long on GE. I figure as soon as they wiggle out of the ( bad position they found themselves in due to the merger and they won't without getting beat up some ) they will then try to cover the short position they put on GE ( which they did to keep HON from going to 55 ) The volume in GE today is short selling..and on a day when it's slow with not a lot of buyers ready. GE is a steal here. Jim PS well she could go as low as 45..if the market caves in..but I wouldn't count on that and will add if it does.