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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (30100)	2/4/2002 10:34:10 AM
From: Shack	Read Replies (4) \| Respond to of 209892

I think this down is corrective. Smelly is not leading here and I am seeing high P/C and some fear in the volatility indices. Actually it is the BTK which is really hurting the COMP right now. I am seeing some decent selling in tech and not that much price movement. Non-tech is relieving some overbought pressures. Looks a little ugly right now but I also think RUMX is likely building a flat off the 30th rather than new impulsive down. That bottom from the 30th should hold on the first try given the heavy volume with which it occurred. Also it I just went long QCOM if you can believe it which I think has a better than average shot to get back to its recent $47 high in a flat its built off the 22nd.