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Spring that may just spring south. Read Barron's, look at the absurd
valuations, monstrous run-up on the Nasdaq (in short order), the low volume
(most bulls are "all-in", and weak daytraders broke), continued horrible
advance/decline line, and violent volatility. Chasing stocks higher here,
is a recipe for losses, IMHO. Adding to short positions daily.
JT
----- Original Message -----
From: "Dennis Holverstott" <dennis@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 12, 2000 9:47 AM
Subject: [RT] S&P
> That June 2 gap finally got filled on the futures. Came within a point
> on the cash. If these levels hold, it could set the stage for a quick
> rally on economic numbers that are "not unfavorable" to use a Greenspeak
> double negative. :-) This market feels like a spring getting wound
> tighter and tighter. Feels like it wants to explode one way or the
> other.
>
> --
> Dennis
>
>
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