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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (14379)	10/28/2002 2:14:46 PM
From: Softechie	Read Replies (1) \| Respond to of 16631

I'm shorting Housing Homers for now...techs and SP500 P/E still way over 30 times...just incredible bubbles after bubbles...earnings are guiding down for next year and Da Crooks are saying this is the bottom...I'm wondering would anyone buying a house that's 30 times its fair price...I ain't.

To: Bruce A. Brotnov who wrote (14379)	10/28/2002 2:19:00 PM
From: Softechie	Respond to of 16631

Are they running out of suckers errhhh I mean buyers? Nasdaq continues to favor the flatline -- Technical -- Index continues to favor the flatline. Watch for initial support at 1328 followed by a more significant floor in the range of 1,320 to 1,322 -- this area represents the index' September open/close high and also brackets its 100-day simple moving average. To the upside, look for modest initial resistance at congestion around 1337 followed by additional overhead in the range of 1,347 to 1,350 which approximates a 76% retracement of the prior leg higher.