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To: Henry J Costanzo who wrote (115560)3/28/2005 4:19:29 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
Ya know, IBM did a milder late day fade today, but I would be much happier with a day where the stock simply went down or even closed down rather than an uptrend like it's in. Weird action there.

Lotta folks seem to think we hit a low tomorrow then bounce. I could certainly see that, but there's a lot of charts that also could simply start heading downtown and make us blow through those downside targets folks have for tomorrow. These late day selloffs are either great misdirection or great direction. I know not! All I know is I shoulda ridden the OSIP put train one more time...

the freep



To: Henry J Costanzo who wrote (115560)3/28/2005 7:33:30 PM
From: Shack  Read Replies (3) | Respond to of 209892
 
It remains a real thorn in the bear case for me mc. I think something is going to have to happen to the upside to relieve that bearishness. Nothing is certain of course but I have yet to see those Nova/Ursa traders successfully fade a move for very long.

So far they have been correct but that ratio is very close to major bearish extremes and we don't even have a single lower low in any index yet.


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