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

To: augieboo who wrote (17805)	11/23/2002 12:27:44 PM
From: Steven C. Vartan	Read Replies (2) \| Respond to of 23153

Augie: Inverted H&S target on the SOX corresponds to a 50% retracement of the drop from 641 to 209. Lots of mixed signals: book to bill in october 0.73 vs 0.80 concensus but this is a lagging indicator. Looks like the tech bulls are saying that the demand is stablizing and happy days will be here after Q1 trough. wwwf.harrisdirect.com Economists have revised forecast for Q4 growth from 2.6% to 1.3%. IMO what is happening is a combination of a short squeeze and buying panic by the institutions. Looks major oversold to me with put/call ratio, vix and the bp all signalling a toppy situation. Do you have any thoughts on when the dike will break?