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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36598)	3/28/2002 12:33:20 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67886

madtrader] Thu Mar 28, 8:37am PST $OEX.X I am not liking how OEX is acting here. We got close to the 582.75 level, but couldn't clear it. And the way it is turning down right now is setting up a negative divergence. I am going to peel off even more of my longs here. liquidating longs.

To: Johnny Canuck who wrote (36598)	3/28/2002 3:50:45 PM
From: j g cordes	Read Replies (1) \| Respond to of 67886

Hold me back Harry, I'm 1mm from buying puts on gold stocks.. As for the telco rally, they needed it and this rally isn't the one, but its soon.. a side note the opticals and more exotic stuff aren't following. End of q games going on with averages and especially with individual stocks.. the q winners will begin lightening up and the losers that have been sold out but still are solid will gain over the next 10 days. The overall toppiness bothers me.. makes me think a quick sell off by end of quarter stocks' buying will occur going into early April.. that will quickly set the stage for a decent speculative tech coming back rally that fails in May. EMC is curious.. I got some TELM but its OBV (like many others) suggests its a lack of sellers driving prices up, not a plethora of buyers.