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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Lachesis Atropos who wrote (34384)9/22/2001 12:59:44 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 67928
 
Hi Lachesis,

Really tough market to trade. Just cruising the S.I. thread even experienced trader are having a hard time. All traditional metrics have gone out the window. Hopefully with the triple witching pressure off the indices we can finally rally. I lose the statistics for the reversal data for the SP500. That site no longer exists so I can't calculate the odds anymore, but they must be quite high at this point. I don't expect a strong or sustained rally, but nothing falls to zero in move.

Interesting list of stock you posted. Most of the accumulate and buy stocks are drug companies which are considered safe haven in times of stress. SO what happened to the concerns of weak pipelines???



To: Lachesis Atropos who wrote (34384)9/22/2001 1:43:14 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 67928
 
Lachesis,

What is the mood in your part of the country right now?

I know a lot of people who cancelled or will be canceling their trips. Even I have cancelled my Route 66 trip and will be staying closer to home. For some it was the fear of flying. For me, the mood is just all wrong for me right. I have be admit I am having a hard time enjoying my time off. It almost does not seem right given the events of last week.

I have heard one or two stories about resentment towards Canadians also. I am not sure how true that is? I hope it is isolated. More fear and resentment is not what is needed right now.