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To: stockman_scott who wrote (4332)10/25/2001 12:13:42 AM
From: Boplicity  Read Replies (2) | Respond to of 13815
 
Someone asked me about my take on the market via pm, here is.

<<Your right 1752 is the line in the sand. The NAZ is in a world of it's own right now. The S&P 500 and the DJ appear stalled. GE has made a head shoulders top, but on the NAZ side, MSFT, which goes both ways, <g>, looks good. I'm watching CSCO of course for direction for the NAZ. CSCO looks to be making an ascending triangle, which is bullish. We made the bottom on Sept. that's a fact, I believe it to be the da bottom too. I know some people are looking for test of the bottom. Given how well stocks are performing, I really don't think there is a need for a retest to prove the strength of the move off the low and low being the low. I keep looking for some selling. I'm not seeing it. I'm not too worry about 15 to 20% correction at this point. I would welcome it infact, but a retest of the Sept. low would be almost too much to ask for. I would be buying like mad man if that were to happen. I don't think retest will happen unless of course something happens external on worldwide scale.


As far as SURE and TTN, both broke out big time today. I would buy them on any weakness, or if consolidation in a high tight flag happens. >

B