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Re: [RT] sp500/nasdaq



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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Ira Tunik 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
  Sent: Friday, October 12, 2001 1:41 
  PM
  Subject: Re: [RT] sp500/nasdaq
  The question is will the die hard bears run for cover over the 
  week end?  No pun intended.  Will the bulls want to carry stock over 
  the week end?  Did the hedge funds lose enough trying to short this rally 
  to back off for a while?  Could all those puts be protecting long stock? 
  So many questions, so little time.  The nice thing about the market is 
  that there are always two trades to look at one upside and one downside.  
  It is just a matter of which entry price is hit first.  Have a good week 
  end.  Ira. 
  profitok wrote: 
  
    
    Good EveningHope everyone had a great 
    trade today,,As for tomorrow,,  Most probably the 
    NASDAQ will take a break  and  will not let the SP go forward 
    muchThe 10 day trin on NASDAQ is at a 34 day hi and the 
    p/c very  bearish,,However,,<FONT 
    size=-1>this is just a temporary pull backI see NASDAQ 
    at least 6-8% higher from today's close.the sp500  
    is about the same story,,Vix is at a  34 day low and p/c is  
    showing institutions loaded up on puts today..this is 
    ALSO  just a temporary pull back (1084.8 Dec futures),,<FONT 
    size=-1>and then up to the races  ,,Objective 
    is   1160-1170Be careful<FONT 
    size=-1>Ben 
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