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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Connor26 who wrote (3534)11/2/2001 9:52:36 AM
From: Susan G  Respond to of 26752
 
Looks like the morning ramp job is just about over...

In the past this has been a warning of a correction, when they ramp the futures daily either premarket or at the open.

IMO, we will be selling off hard by lunch.

I would not be looking for longs for more than a scalp here...

The BEAS run may be just short covering...long term shorts finally covering, except they did it all at once, thinking the bottom was in and ran it up instead <G> That is what it has seemed like when past warnings have moved up stocks. Not easy to cover a ton of shares at once!



To: Connor26 who wrote (3534)11/2/2001 9:56:07 AM
From: Bob Biersack  Read Replies (2) | Respond to of 26752
 
C-26..ENE NAV is about $17 so the down side risk appears less than 15%....but I've been wrong before....lol