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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: SE who wrote (9164)12/1/1998 7:57:00 AM
From: robert b furman   of 44573
 
Hi Scott, I think you are correct to think there are many people who did not jump on this rocket in the beginning.Most of these people are trained buy the dipsters (jmho).This latent purchasing power should provide strong support as this pullback reaches a bigger % decline.Guessing the middle tine would be initial entry point and midway between middle tine and lower tine is where real money will come in.(for a greater bull this must hold )

Historically this should be a great place to releverage paper profits from purchases made in august - september.(Assumes this relief rally will lead to new highs ). Market breadth over last 7 weeks suggests more to come , if buy the dipsters show a bounce at support levels.

FWIW, my seat of the pants gut check suggests it is to be. BWDIK

Bob
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