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Strategies & Market Trends : Love shack
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To: Grandk who started this subject12/5/2000 3:29:42 PM
From: Grandk   of 322
 
A good contrarian indicator would have been all the bears saying the high flyers must all die. Some of the biggest gainers today have been the recent talk of SI in terms of great stocks to short. One of the best examples would be EMLX. Thank God I am not short that one. Up 32+ today to 158 after it's recent lows of 90+. Talk about a huge amount of newbie shorts. This market is being manipulated by the pros, and they LOVE the volatility.

My bias is down, but with a possible short term rally to 3200. Still feel lower lows are needed for a true bottom.
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