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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Oak Tree who wrote (23724)	5/29/2000 12:34:00 PM
From: donald sew	Read Replies (2) of 42787

Oak Tree, Frankly, I am almost purely a technician and really do not consider fundamentals that much. I feel fundamentals are for the longer term view, and since I am a short-term trader(1-30 days) I really dont care what happens 6 months to a year from now. As you commented that bear markets do not occur when unemployment is so low - that makes sense, but couldnt unemployment start reversing, say in a relatively short period of 6 months. And we all know how fast the market can change direction. I really dont follow fundamentals that much, just statistics, and one statistic that I wont ignore is that once a mania ends a BEAR MARKET FOLLOWs. What we dont know is how long after the mania ends, will the BEAR MARKET start. The correlation between a mania ending and a bear market is 100% correlation, so the probability is quite high. We just dont know when. Such correlation was reported by JOHN BOLLINGER on CNBC and I have also heard that from other reliable sources.

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