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Pastimes : all Bear Clowns Will be destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Jon Khymn who wrote (649)	7/11/2002 11:21:49 PM
From: bobby beara	Respond to of 701

Message 17726198 A lot of stuff is getting to extremes, we had a vix spike and some very good volume on both exchanges today, the nyse traced out a long tailed hammer, the vix is spiking, the 21 dma of put/call ratio is flattening over the last couple of weeks, the nasdaq is gaining in relative strength over the last couple of weeks, last week the hulbert nasdaq timers were within a wisker of his all-time bearishness. i have what looks to be a good five wave down count in nyse new lows that may have ended today, if this count is correct, we should have an ABC rally into late summer and get the final wave down in the bear market in the fall. we'll see, the facking thing could just continue down in a parabolic fashion, we need to break the down channel in nasdaq to get the shorts to cover and the longs some encouragement. there is about 50 points in the nasdaq to the downtrendline, i will sell into that downtrendline, because msft may be at the top of it's triangle trading range at that point.