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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Paul Shread who wrote (36924)12/1/2000 10:03:28 AM
From: Peace  Read Replies (2) of 42787
 
That's right Paul. I forgot to mention that in my post. Since the nas had the biggest gains it had the biggest correction. This may be a significant bottom. At the very least we will have a retest with a higher low. At worst we may hit the 2200 number. Traders have to nimble but longer term positions clearly should be on the long side at this juncture. NAPM just in at 47.7. We now have 4 months below 50. If history is any guide we should expect a fed rate cut in Jan.
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