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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: TheStockFairy who wrote (55722)8/10/1999 12:28:00 PM
From: J. P.  Read Replies (1) of 86076
 
Approaching the 200 DMA on all the major indices. This particular go-round was puzzling because the indices stayed above it for so long, when the clear 9 month pattern was to correct down to the 200 DMA. I'd thought perhaps October's correction created statistical anomalies which skewed the averages, however looks like not so.

Anyways, if you don't believe this is the apocalypse, perhaps a buying opportunity may be at hand in the coming weeks. We could be set up for capitulation selling if the "long squeeze" continues, and the pain becomes unbearable for some stockholders. One of those down 100 Nasdaq days, down DOW 250, great time to scoop up some of the old favorites.

From the beautiful Quad Cities, (Moline, Bettendorf, Davenport, Rock Island)
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