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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Larry S. who wrote (23021)4/13/2000 7:39:00 AM
From: Kelvin Taylor  Read Replies (1) of 53068
 
"The big guys, SUNW, CSCO, INTC, etc were swept down today. This is healthy."

I always find it interesting when people say is healthy when people lose money(at least on paper).<ggg>

but I see your point Larry, stocks rose straight up and the laws of physics have finally come into order: gravity pulls down objects...at high levels the rate of fall increases with the weight(high price in this case).

a object in motion will stay in that motion until effected by an outside force.

what breaks the downtrend? investors were selling the Dow to perhaps cover the margin calls. I've been hearing since early this year the Dow year end target of 12K. well, were are not that far way now so I wonder in the Dow stocks are due for a pull back. Have some of those run to far to fast?
SELECTIVE stock picking is very important now. and shorting some junk may be quite profit too.

just food for thought.
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