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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Lane Hall-Witt who wrote (119427)12/18/2000 3:45:57 PM
From: Dave Gore  Read Replies (4) of 120523
 
This isn't an ordinary market. Logical reasoning does not usually work. We've all proven that. Just like a while back when the NASDAQ rose 9% (or whatever it was) in a single day and now has lost all of it and then some. There was no follow through whatesoever, even though tons of pundits came out of the woodwork and proclaimed the worst over.

It seems that we get one or two scenarios.

Either a steady down that wears most longs out.

Or two, someone turns on a light switch and we go up big. The problem is we don't know when the light switch will get turned on, or how long it will remain on. It's pure guesswork.

Lane, your reasoning makes sense, but I am not sure you can use sound logic in this market. That said, we sure seem to be in a bad enviroment for going long for more than 15 minutes...or did I mean....seconds?
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