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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (3233)8/23/1998 5:56:00 AM
From: set  Read Replies (1) | Respond to of 5676
 
:> Aside from that who can explain YHOO, AMZN or
:> DELL to me and their price swing???

sure as hell not me. I think you have to look to nutty
liquidity blather such as James keeps up about to get
at the heart of that. But that's really a very small
portion of the market, and the rest of it will be 'allowed'
to behave. I've got a bit of an FA sensibility about
IDTC, which allows me to judge that in this case FA and
TA support should land at around the same place. It
happens all the time and it's surely not a coincidence.
We're just all looking at the same numbers and the TA
will tend to reflect that.

But the main story here is an FA one. Jack and Jill
went up the hill to fetch a pail of water. Jack fell down
on top of Jill and now they have a daughter.

no - that's the wrong one. You know how it ends. If IDTC
breaks below both reasonable FA and TA bottoms, which test
looks like it will happen soon, then T is more than likely
to follow. If it holds up, the bear case may be bunk.
In any case - long IDTC at $16 and short T on strength seems
like a good set, if you're into that sort of thing.

Shahar