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

To: AllansAlias who wrote (79402)	3/12/2001 10:02:09 PM
From: pater tenebrarum	Respond to of 436258

true...that was extremely lopsided today.

To: AllansAlias who wrote (79402)	3/12/2001 10:38:29 PM
From: Lucretius	Read Replies (2) \| Respond to of 436258

do clowns still rule? Message 15491370 or do all clowns get DESTROYED? LOL

To: AllansAlias who wrote (79402)	3/12/2001 10:39:21 PM
From: Perspective	Read Replies (1) \| Respond to of 436258

I've said this before and I'll say it again. As hard as it is to believe, extreme breadth, without extreme volume, is a CONTINUATION indicator. I remember Bollinger once did a study on 9:1 volume breadth days, and two of them within any short period (something like three months) marked the launch of virtually every secular shift in the market. Look at NYSE UP/DOWN today. That means more giving to come there. Also note: breakaway gaps are a CONTINUATION indicator. I really, really, really want to cover here, and may hedge some just so that I'll sit comfortably through any bounces. But, this will go longer and deeper than anyone imagined possible. It will surprise even us, the early bears. Put/call nudging upward at 0.91, but still not in panic territory. BC