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

To: chowder who wrote (15413)7/22/2002 7:02:34 PM
From: Gottfried  Read Replies (1) | Respond to of 23153
 
dabum, All the bp on StockCharts are down, except telecom. Only bpfina and bptele are above 30% - barely.

Message 17776820



To: chowder who wrote (15413)7/22/2002 9:55:09 PM
From: Archie Meeties  Respond to of 23153
 
"Neither the buyers nor the sellers have a clue as to what's going on"

Aint that the truth.

I read that chart as a set up to trap buyers who think 350 is safe, and if breaking that level leads to sufficient selling, a chance at a rally to 400.



To: chowder who wrote (15413)7/23/2002 9:38:07 PM
From: Archie Meeties  Read Replies (1) | Respond to of 23153
 
Dabum, downside volume in SOX components was heavy, with exception of XLNX and LSI. Weak longs with stops at a SOX of 350 equivalent were taken out, the question is whether or not enough shares were redistributed to make this a workable bottom. I don't think so, and 350 might become resistance.

I think we've entered the stage of the game where we can see, up close, how wealth transfer begins.


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