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To: AllansAlias who wrote (47991)7/29/2002 1:35:43 PM
From: The Freep  Respond to of 209892
 
Yah. . . very nice stair steppy thingie on the Dow there (NOTE: this is one reason why I don't do annotated charts. My TA terms are too unique <g>). I also note a LOT of stocks and indices ran up real close to pretty decent resistance or came close to finishing some pretty good looking corrections (as in A=C type of "good looking"). GE, BKX, BBH, the COMP, etc. Sure seems like time for a breather if nothing else.

Equity calls still going out nicely (under .6 all day. Not totally reckless abandon, but neither too encouraging for a breakout, in freepbriefing.com's opinion).

Sooooo many economic reports this week, anything can and probably will happen.

the freep



To: AllansAlias who wrote (47991)7/29/2002 1:46:17 PM
From: marginmike  Respond to of 209892
 
Another 2-3 days like this would set up the mother of all shorting ops. vix and VXN bleeding, P/C complacency etc. I think a few days of consalidation and another push could get VIX to 28 easily. This is not a healthy rally IMHO.



To: AllansAlias who wrote (47991)7/29/2002 6:47:51 PM
From: augieboo  Read Replies (2) | Respond to of 209892
 
What's "ED"? TIA, augie


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