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To: The Freep who wrote (114320)3/4/2005 11:01:18 AM
From: Shack  Respond to of 209892
 
I don't disagree, still plenty of concerns but there is a lot for bulls to grab onto as well. $XBD seems unlikely to stop before a new high while the BKS H&S hound continues up.

Smelly is down, how about that.



To: The Freep who wrote (114320)3/4/2005 11:13:29 AM
From: Shack  Read Replies (1) | Respond to of 209892
 
if that is an SPX ED then the market is in big trouble right here. So relentless down from here puts that count at the top of the menu.

I'm skeptical, not really a great wedge.



To: The Freep who wrote (114320)3/4/2005 1:54:05 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
Man that OSIP is a flippin mutt! Good for you. I wonder how many shorts are waiting for $50 to cover. You're one of them I suspect.

Financials still look like the best bet. Banks and brokers sporting the most bullish patterns IMO, notwithstanding energy of course.

Those March 35 calls on the SMH seem to have been quite telling.