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For what its worth the Call trin is giving bullish inclinations. It would
be enhanced if the put trin would climb above zero this afternoon.
BR
-----Original Message-----
From: Gitanshu Buch <OnWingsOfEagles@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Friday, July 28, 2000 10:25 AM
Subject: [RT] RE: Re: MKT: NDX
>>I am looking for a long side entry here off the low (if I am lucky) to
take
>advantage of first of the month seasonality.
>
>Isn't seasonality also what everyone expects to make the market bounce?
>
>In April we heard talk like its oversold - and the indices tanked 15% off
of
>those oversolds anyway.
>
>If they couldn't do it at the textbook 90 on the queenies, why would they
>want to go home long over the weekend?
>
>If the Mercury turn can't kick it in, I wonder what will....
>
>The generals haven't been shot yet - and my generals are INTC CSCO SUNW EMC
>AIG C AXP SEBL ORCL JNJ PEP PFE. For position traders, these are worthless
>rotational moves at the cusp of the trend.
>
>If they also want to make good for NOK (the average big gun growth fund
lost
>4% yesterday alone) I would think right now the prevailing thought is,
shoot
>first, ask q's later - or "get small get lean get into cash"....every once
>in a while comes a monthend where reverse seasonality kicks in. Aug 31 1998
>or 99 comes to mind - the Dow -554 day which took Ron Insana down to the
>floor.
>
>Just being contrarian to popular thought, no criticism intended.
>
>Gitanshu
>
>
>
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