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Strategies & Market Trends : Love shack
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To: D. Miller who wrote (93)11/29/2000 1:40:19 PM
From: Grandk   of 322
 
this is how the scenario will play out. market will implode soon, imo. very soon this imaginary support will give way, and DOWN we will go. everyone is an addict. the big boys know this. they are dumping at every TA "support" level. there is a record short position on the SPX. these are dangerous times. contrarian thought is to go short. very risky at these levels, but could also be VERY rewarding. there are still a lot of good shorts out there. anything with a price to sales above 20 is good for starters.
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