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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (27007)1/4/2002 12:01:38 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
Note the divergence with the VXN and Naz today. Curiously enuf, option traders aren't all that bullish. This was the case even when the Naz was higher this morning, and it was one indication that the Naz might pull back. Some sensible traders had the temerity to fight the tape, it seems.

The CI's (which move with the market, not inversely to it) show the same thing:

ST Naz CI: 66.471, 78.235
MT Naz CI: 66.471, 78.235
LT Naz CI: 93.880, 96.027

The upgrades and parade of bullish analysts this week seem a bit odd, since earnings reports aren't expected to be good. The hype machine seems to have been in overdrive this week. One can't help taking a cynical view of the whole crooked racket.



To: Paul Shread who wrote (27007)1/4/2002 4:34:47 PM
From: isopatch  Respond to of 52237
 
Paul. Thanks for the heads up. That's important/eom



To: Paul Shread who wrote (27007)1/4/2002 4:45:15 PM
From: Trumptown  Read Replies (1) | Respond to of 52237
 
There certainly are a lot of people that are sure the market is going down early next week.

SR


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