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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (18)	10/10/2001 1:27:43 AM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Zeev, the NYSE stocks and financials look very very weak to me. What is your prognosis for those. It is almost as if money is rotating out of non-tech into tech. The other trend (if it is indeed that) seem sto be a flight from largecaps like MSFT into stuff like JNPR. Yet, I am bothered by stuff like NTAP gapping up and selling slowly off all day. Lots of this sure seems like distribution rather than accumulation to me. M

To: Zeev Hed who wrote (18)	10/10/2001 1:52:33 AM
From: mishedlo	Read Replies (2) \| Respond to of 99280

Zeev I just looked at Max pain INTC seems to be between 20 - 22.5 MSFT seems to be around 55 CSCO seems to be between 12.5 and 15 All these stocks, especially MSFT fell hard toward Max pain today. I also looked at JNPR and EMLX (of course these are peanuts compared to the generals above). Oddly enough, or manipulative enough if you prefer, these stocks have been strong and are or were well below pain not too long ago. If INTC, MSFT and CSCO are pinned close to these levels, and I believe that is easily possible in this market, that could indicate little up until after expiry. If they break hard above these levels then I think the rally will be stronger. Of course they can rally us now, and sink us into expiry, but it appears sideways to me. M