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To: john722 who wrote (21544)11/19/2001 10:59:53 AM
From: JRI  Read Replies (2) | Respond to of 209892
 
i'm still not terribly inspired (by the longs)...the past 45 minutes has looks anemic....maybe some can claim we are correcting this morning's up..if so, on a time basis, I'd think we've have to pop REAL SOON...

I also don't get excited about longs when Smelly stinks..

Also, on the really big up days, we would get constant munching action (up) and we haven't really seen that yet either...

I guess it could kick in any moment, but with the topping indicators I mentioned, if I were long, I would be very nervous of a cave here (IF we don't get going up soon)...could be seen as a failed breakout, blah, blah..

But I give bulls full respect, they've been hosing shorts, so I'm sittin' on my little (trying to catch the turn) 15% position, and refuse to add, until we breakdown

Edit: As I finish, attempt at a pop here..let's see where it goes



To: john722 who wrote (21544)11/19/2001 5:03:08 PM
From: ru2  Respond to of 209892
 
I've been thinking something like that ever since I realized a run to the 200 dma would put the gaps in this rally at key fib retracements. Absurd valuations are back!
Probably not for much longer. <GG>

R