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To: AllansAlias who wrote (32212)2/26/2002 9:23:53 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Every non-tech consolidation since the September lows has been a broadening pattern, and they're all still standing. Amazing show of strength, but I sure hope I'm not long anything when it breaks.



To: AllansAlias who wrote (32212)2/26/2002 10:11:55 AM
From: bcrafty  Respond to of 209892
 
Allan, thanks for the charts

About those retailers, they will run out of gas sooner or later. Consumers might be buying but they're running up their credit card debt to do it, so that can't go on indefinitely. I'll wait for a distinct break on the RLX wedge to go short since I'm not used to shorting this area. I like your idea on the cheap puts on your prior list, but I haven't bought them yet.

Right now I'm short tech: GNSS, BRCM, EMLX, QLGC. Long on GE & gold.


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