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Strategies & Market Trends : The New Millenium Portfolio

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To: John Pitera who wrote (298)	2/8/2000 4:53:00 PM
From: Original Mad Dog	Read Replies (2) of 540

Message #298 from John Pitera at Feb 7 2000 5:00AM The NASD is giving a pretty strong momentum sell signal on the daily chart, with the 2 all time highs this year occurring on momentum that is really dissipating. geocities.com. This indicates that we should be experiencing a downleg in the NASD that goes below the recent 50 dma low and may take us to the 200 dma. If we have not started a downleg by Weds. afternoon then a reevaluation of this shall outlook will be needed. John To: John Pitera who wrote (298) From: MKC Monday, Feb 7, 2000 9:00 AM ET Reply # of 315 i think after csco earnings are out,,,we'll start this downdraft... John and MKC, The Naz is up another 135 points since you wrote that. CSCO earnings are out and are good, as usual, with the annual split thrown in as well. Still see that downdraft coming tomorrow? The chart I just pulled up on YHOO finance shows the index has a 200 DMA of slightly over 3000. That seems like a long ways down from here, and would suggest that you recommend some strong defensive measures. MAD DOG

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