Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.63

-0.3%

Dec 8 4:00 PM EST

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To: drsvelte who wrote (25824)	3/29/2000 6:44:00 PM
From: Johnny Canuck	of 68802

Some real technical damage is being done on some stocks, but some compelling valuations are opening up in others. We saw the first signs of fear today, but not sheer panic (low volume, tight ranges). It is important to note how the talking heads are spinning this. If they are suggesting a healthy pullback, we should just range trade, If you see panic when you see the whites of their eyes, it is time to go all cash and let the market find a new level. We need see a change in leadership as Clint suggested in order for the market to comeback to new highs and I don't see that before the economic number are out. The lack of significant earnings news right now is the greatest enemy of the market recovering.

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