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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (44466)6/15/1999 3:08:00 AM
From: 8-Ball  Read Replies (1) of 120523
 
Having read through hundreds of posts the past few days I have to believe we are near a bottom for some of the i-nuts. So much negativity. Then with todays big blow off to the down side...seems to me nobody has any more shares left to sell :-) Assuming the CPI number comes within range (or a tad bit lower than expected) I bet CNBC will have a whole truckload of analysts & technicians saying the selloff was overdone, the FED is only raising a 1/4 point, rates are still extremely low and hey we are coming into the earnings season!! All of a sudden the selling turns to buying. I might be right or wrong I just can't see this as the end of the great bull market. Not without a last attempt to push the market higher. After the earnings are out I can see mid-July through October being ugly. Tomorrow will be interesting. Tomorrow afternoon will be the last time to buy before the CPI #. If we see fairly good buying toward the close I think we might see a decent rally after the #'s are released (don't you think some of the REALLY big money already has a fairly good idea of what is to be reported?). Just some late night thoughts...hope all the i-nut mania is not over...its just to much fun around earnings season!!
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