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Re: Zeev Hed post# 186202

Sunday, 12/28/2003 8:23:23 PM

Sunday, December 28, 2003 8:23:23 PM

Post# of 704041
Z: I don't know why you interpret my post at that time as supporting your position that my casual observation of an INTRADAY p/c for that day suggested that I was missing a market top by focusing on one indicator. Nonsense. It was an INTRADAY p/c reading I was commenting on. Clearly, I was looking for a top at that time as this post states commenting on the CLOSING P/C for that day:

http://www.investorshub.com/boards/read_msg.asp?message_id=1862921

Moreover, a one day reading above 1.0 on the close have a very good record in this market of causing problems for the bears and that was my consideration on that intraday reading of .97.

And don't give your model too much credit for that timeframe as we all know the nasdaq went much higher than you expected.

Now, back to my point that the 21 and 10 dma are bearish on the equity only p/c. It still stands.

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