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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (45992)	7/17/2002 1:18:55 PM
From: marginmike	Respond to of 209892

I think gap fill and rally is ST bullish. Going straight up is not what bulls would want. Rally drop and rally seems a better spot. My guess is this is a ST trade opp here. I am however sitting out.

To: AllansAlias who wrote (45992)	7/17/2002 1:29:01 PM
From: The Freep	Respond to of 209892

<<Where is the fear?>> I note that the put call DROPPED during that miserable decline over the last hour. Buy the bottom. I agree with MM that it's better to fill the gap and rally, but the S+P undercut yesterday's low by a few points there. There doesn't seem to me to be any support until your 1974 up channel (technically, that's the S+P's channel, but your chart <g>). I don't think that's bullish. That said, the naz is holding tough, and even a few financials are joining in this bounce after some earlier tough love. Definitely a wild market. the freep