Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

YHOO 52.58

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Jun 26 5:00 PM EST

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To: Mad2 who wrote (2797)	4/29/2000 3:49:00 PM
From: RockyBalboa	Read Replies (1) of 3543

It was a buy opportunity. The Comp hit the mid retracement line 2 times, 3851 as early as Apr 19th and close 3860 as at friday with upside next week. Several stocks left their downward sloping channels sideways and mildly up also the comp left the channel on friday. Time to draw a new chart. In any case the next stop for the techs could be near 4500 after it passes 4000. As the techs look invulnerable to inflation (but not to the lack of growth, and there is no problem right now) rather than the "old economy stocks", there must be room for more upside come July. This, however does not apply to "value stocks" which should sag and eventually put the daou to 9500 if not lower.

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