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Strategies & Market Trends : Ask DrBob
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To: virtualsignal who wrote (5431)9/20/2000 10:04:04 AM
From: Louis V. Lambrecht  Read Replies (1) of 100058
 
VS - listen to Flack . LOL.

I presume many traders are licking their wounds lately and will sell in any rally. "profit taking" is expectable today.

Also think that the only difference between traders and fund mnagers are their pay check, their company car, and the amount of funds they have to play with. So expecting over-reactions to each side.

We will see if 3700, now tested twice, will be confirmed as new bottom and let's climb the Fib ladder again: 3700-3803-3890-3977. IMHO, we are here for a while.
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