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To: marginmike who wrote (38277)5/7/2002 10:51:26 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Touché.-g

Lets put it this way, noting would surprise me here, but there are going to be a lot of CSCO,INTC,MSFT and QQQ puts deep in the money if this craps from here.



To: marginmike who wrote (38277)5/7/2002 11:03:50 PM
From: AllansAlias  Respond to of 209892
 
Pretty picture of PG (this is a wide image);

angelfire.com



To: marginmike who wrote (38277)5/7/2002 11:16:15 PM
From: 4rthofjuly007  Read Replies (1) | Respond to of 209892
 
mm, I remember that right around the time of the low last April (may have been a day or a few days after the low was set), DELL reported and the futures took off and the rally took off to the May highs. I remember that you commented that you just had a feeling that the rally would be a solid one. Not that you were sure that it would go as high as it did but for some reason I recall that most people were looking for it to peter out quickly and were looking to short it.

Anyway, who can say why these bear market rallies start but they have been started on as much as a single report. Granted that alot has changed since then. No one is saying that they see the bottom or a big recovery and J6P is really fed up but expectations are quite low to begin with.

I do see other differences like vix not confirming a solid bottom, but investor polls are very bearish. I will be very curious as to what the COT report says.



To: marginmike who wrote (38277)5/7/2002 11:20:55 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
QCOM continues to be the story I think. A serious beating to the technical picture there, and I am being kind with that description.

Did you switch to long today?