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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: KyrosL who wrote (51424)	5/21/2000 12:35:00 AM
From: Techplayer	Read Replies (1) of 99985

Kyros, Re: "During the 20 years following those peaks, annual stock market returns were -0.2%, + 0.4%, and +1.9% respectively. If, as I believe, we are witnessing a year 2000 stock market top of the same significance as the tops of 1901, 1929 and 1966, buy and hold stock investors are in for a very nasty surprise" If the tech stocks were not necessary and destined for growth, this could occur. since this is not the case, your scenario is unlikely. tp

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