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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bobby beara who wrote (27727)	9/28/1999 6:26:00 PM
From: Matthew L. Jones	Read Replies (1) of 99985

BB, Come on now... don't be hacking on the new mom and pop day traders. It's not nice. <g> (Besides, where do you think the easy money is anyway??... It's in helping them to get an education just like we have all paid for! <g>) I hope (on a more serious note) that newbies are not trading the DOW stocks. They would be my last 30 picks to daytrade. Now I do believe we have just a little more down to go (mainly in the big name Nasdaq stocks... INTC, MSFT, DELL, CSCO, WCOM, SUNW, etc.) but the rest of the market has corrected as much as 25-50%. I reject the notion that we are about to start a "bear market". In fact, I believe we have been in one for about 19 months... just everybody forgot to tell the big 6 NAZZIES. If we can just get a good blow-off-sell-off (if there is such a term "BOSO") we resume a strong bull market. Hope it's soon as the average bear market is only 17 months long. Matt

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