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- Style="padding-right: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> ----- Original Message ----- <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: Earl Adamy To: <A title=realtraders@xxxxxxxxxxxxxxx href="mailto:realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx Sent: August 12, 2001 6:37 PM Subject: [RT] Markets <FONT size=2>Do I spy the great mother ship (and biggest of the big cap stocks) headingfor a hard landing???????? Are there problems lurking in GE Finance????? Theweekly chart of GE suggests that the answer is yes. No wonder the guys onCNBC are working overtime to talk up the market, their options must bepretty deep in do do.Overall, my market horizon these days is a few hours. The basic technicalwork I do with counts, regression channels, and symmetry is all surroundedby mysticism. The market does not feel healthy and I suspect that if it doesmanage to break above its range, it will get a sharp burst upward followedby an unbelievable hammering. More likely I think, is an event or news whichdrives it downward out of this range.Perhaps most striking to me is the utter complacency and lack of fear whichexists among market participants ... if only one has faith and patience,Uncle Al will have everything fixed up and the good times will roll on foranother decade. I don't think it's gonna happen folks which is why (asidefrom trading) I'm very content clipping coupons and thinking there mightjust be a bonanza in gains if Goldilocks gets a real
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