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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (36927)	5/16/2001 12:01:07 AM
From: Sully-	Respond to of 65232

From: Zeev Hed Tuesday, May 15, 2001 11:44 PM The Naz painted an awesome Gravestone Doji today, it does not really matter if the low was higher than yesterday's low, the Sox, by the way, made a gravestone doji as well. Add to that sentiment indicators that are bearish, the fast and slow MACD lines crossing over in both, RSI dropping under 50, VXN close to the January low of around 60, equity P/C ratio still very low, and you get yourself an environment for bearishness. The fact that the March 22nd (April 4th) low was a very poor bottom (lack of excess pessimism), indicates that there is a good chance that a "better" (and possibly lower) bottom will have to be formed before we move into bullish territory. Zeev OOF :-\| Ö¿Ö

To: RR who wrote (36927)	5/16/2001 12:09:12 AM
From: Sully-	Read Replies (1) \| Respond to of 65232

Hey RR, Got a feeling we meander sideways into options expiration Fri. A lot of stocks are at/near Max-Pain...... even the QQQ..... Vol has been anemic on the NAZ....... Range bound....... or not :- Me thinks NTAP will fall back to Max-Pain of $20...... My target is an open gap @ $19.44 from 4/18........ making some decent change shorting there. Don't like the sound of that Grevestone Doji from Zeev's post. Charity work, 'eh? You are a special dude....... dude. Ö¿Ö