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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (8864)	10/8/2001 6:50:05 PM
From: James F. Hopkins	Respond to of 19219

Most of the bad news is baked in, and I think we are already anticapting more terrorist attacts. But I wonder if the Terrorist have any real idea of how much fire power we really have aimed at them ? ( one ship has the fire power if needed to compleatly erase Afganistan off the face of the earth ) ---------- I'm surprised we haven't done more back and filling since the 21st than we have, ( but I'm not brave enough to short with the VIX as high as it is.) ------------ A 5% to 7% NDX pull back would be normal at this point, without all the bad news..so what is it waiting for ? ------------ Jim PS Don't forget The Short Positions increased A LOT..and that was a week after the fact.. and after the market GAPed down.. They didn't even get to short on the fall.. and then they kept shorting hard until the 26th. Some of it covered on Oct 2 , but there is a lot of shorts out ..some of the big banks are short too..and someone knows it . :-) Don't buy any big banks right now.. they have a lot of exposure to short risk..