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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (15183)	7/17/2002 12:21:50 PM
From: Steeliejim	Respond to of 23153

db, "Can we expect a summer rally absent the retailers participating? Can we expect a summer rally absent the consumer cyclicals participating?" Once again, db, I'm with you. This looks, so far, like sector rotation, the flavor of the moment for traders. I believe Helene Meisler over at TSCM has written about how a real upturn in the markets will have to be marked by a wide spread participation of sectors. Obviously excluding the defensive ones like Au. Makes sense to me. OTOH, another article by $$$ commented that the sudden reversal the other day (Man, that was great!) was caused by a few large institutional buyers jumping in--not hedge funds. The theory is that they they are in for the long haul and will defend their purchase price, therefore helping to define a support level. Flip a coin as to which theory you like. Me, there are times like the other day that look like a telegraphed changeup waist high and are just too good to pass up. Don't come all that often, but one can make a lot of $$$ with low risk IMO by taking advantage. Back to watching. Jim

To: chowder who wrote (15183)	7/17/2002 12:58:13 PM
From: stockman_scott	Respond to of 23153

Bubble Bubbles, Plenty More Troubles... gold-eagle.com