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Pastimes : Don't Ask Rambi

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To: Ilaine who wrote (31139)	7/7/1999 4:17:00 PM
From: Jacques Chitte	Read Replies (1) of 71178

Last year this was really acute - just before the Fake Bear in early fall. The market "narrowed", with leadership concentrating into the blue chips and index Atlases. Meanwhile the Average Stock was hurting more or less badly. From my limited reading - it is a bear alert. But we've had so many Really Good bear alerts, and each time the bears got faked into giving up another hunk of their hides. The single troubling thing is that the Top could be in or it could be two years off after a 140% (from here!!) runup. It'd take good timing in&out of a real serious bear mkt to go short now and not lose in that latter scenario. I am long for now. I wouldn't know WHAT to sell short on this day.

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