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Strategies & Market Trends : Love shack
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To: D. Miller who wrote (194)12/16/2000 6:04:54 PM
From: Grandk   of 322
 
Yes, we have a long way to go. It dosn't help that we rallied so hard back in May. Many people are talking about a return to 3400 based on fibonacci rules. I believe all TA can be thrown out the window, and that one day soon, buying the dip will lead to bankruptcy. I will continue my strategy of holding LT lEAPS short positions in various leaders, and periodically hedging when the bullish sentiment seems at a ST low.

A failure to rally on Monday would definitely incite some serious selling, IMO.
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