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

To: Steven C. Vartan who wrote (17816)	11/23/2002 2:19:21 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

<<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? >> Steve, I suspect a pullback to the moving averages is in order for the short term, but for the intermediate term, this bull trend could run to March or April before rolling over. That said - 2/3 of the gains are probably in the books already for the major indices. In short, I do not see an "A" top. Of course, these are my opinions. Needless to say - "Opinions are like ________, everyone's got one and they all stink" BTW, did you happen to attend the Schwab seminar last Wednesday?

To: Steven C. Vartan who wrote (17816)	11/23/2002 11:38:46 PM
From: augieboo	Read Replies (1) \| Respond to of 23153

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. I agree. I think the economy is getting worse, not better, so the bulls' dreams of a return to the bubble are just that -- dreams. As to when this insanity will end, I have no idea, really. I've been wrong on this thing since about 1270 on the COMP, so I'm probably not even a good person to ask. }: