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Strategies & Market Trends : Group Therapy

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To: E. Graphs who wrote (866)	3/14/2000 12:32:00 PM
From: E. Graphs	Read Replies (2) of 4564

Well, I sold just about everything today. Got really spooked by the big charts. Believe I see a head and shoulders pattern forming on Nasdaq with 5125 (surprise surprise) as my short term top and first target of 4299 on the downside, if the neckline at ~4712 does not hold. Not trying to alarm, and I could also be wrong. Just don't like the reward risk ratio right here so I am stepping aside in a big way. Too bad I spent a lot of time buying this and that and just dumped it all today, but I noticed in IBD today that the 200 day moving average on the Dow is now declining. I've kept a few small caps I hold long, brokers, drillers and some oil related stocks. Even if we don't fall from here, I don't care.

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