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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (12133)	5/10/2002 10:53:06 PM
From: Paul Shread	Read Replies (1) \| Respond to of 36161

Iso, I'm thinking some of the sentiment in technology is getting a little bearish, or at least the selling pressure is getting extreme: the 5- and 10-day TRINQ have been higher over the last week than they were at the September or April 2001 bottoms. Both peaked around 2.5 over the last week or so. Just hope I can time that QLGC buy right. -g- Got a big Bradley turn on May 28 and then June opens a crash window, so I don't think I'll have my horns on for long. -g- Longer term, this is of course the four-year cycle window, so whatever low the market makes this year has good odds of holding for a couple of years. If it doesn't, well, let's just say the only precedent for that is 1930. -g- Best, Paul