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Politics : Idea Of The Day
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To: vish ramamurthy who wrote (30714)2/14/2000 4:48:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
WE are in a bear cycle since last few years, (g) that is the old economy, I would assume that we are looking at a new inverse relationship that is bottom of DOW is inversely to the new high of COMP, until Comp breaks 4000 solidly this old economy standard bearer issues like brka and brkb will keep making new lows, the moment you see comp 50 days ma taking out get into brka or b's that would be the bottom of prsent bear market, if you were not a part of CSCO's INTC's of the world or belated participants like us in internet phenomenon you would see what I mean by all of this, imagine Buffet followers..

For this market right now I will look 10000 as important area of support or if that is tkaen out 9400...on DOW.. on Comp is this frenzy continues 4000 should hold in this week or we will see some days of joint selling in DOW and Comp then it will dissociate that iverse relationship will come into play...
RUT is already signaling that divergence.
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