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Strategies & Market Trends : Classic TA Workplace
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To: John Madarasz who wrote (42311)6/17/2002 9:53:50 PM
From: AllansAlias   of 209892
 
As you know, unless otherwise noted clearly, there ain't nobody here talking about "the low". Today's conditions bear almost no resemblance to what a multi-year low will look like. The believers in a new bull are necessary, as are the incredibly stubborn b&h crowd -- they will continue to fuel the decline.

Let us hope that we are not too stubborn when the time comes to buy "the low". Imo, we likely do not have to worry about that for 4 years, maybe even 8. There is a decent possibility that the Dow could kiss new highs before the next really great decline, but it will look like a wee overthrow, just as the NASDAQ dash from 2800 to 5100 now looks like a wee overthrow. -g

Anyway, all we need are about not for the big picture, is that the conditions today tell us firmly that we are not at any durable low.
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