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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: stock2005 who wrote (3133)11/7/2005 4:08:41 AM
From: Gush  Read Replies (1) of 4814
 
Dollar cost averaging is a method used to get the average investor to buy a stock that has significantly gone down so that the brokerage houses can sell their shares to you.. It also prevents the stock from going straight down.. Dollar cost averaging can be seen in lower lows, and lower highs. double and triple tops.. etc..etc..

Just like BOTTOMS.. There is no such thing as a bottom.. only previous support.

Dollar cost averaging on CSCO, Worldcom, ENRON, LVLT, and many others will never pay off for many many many people. When a stock like CSCO tanks the way it did it may NEVER returned to those previous highs.. WAY TO MANY SELLERS LOOKING TO BAIL.

Good luck to everyone.. I hope CME tanks..
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