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Strategies & Market Trends : Rande Is . . . HOME
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To: T-Lo Greens who wrote (44042)12/23/2000 9:44:27 AM
From: Softechie  Read Replies (1) of 57584
 
Tony, Yesterday's blowoff was relief/sucker rally. I should add shorts squeeze as well. Nothing really change in the economy. 2001 will be a low growth of about 3%-3.5% GDP comparing to last 2 years. I don't know much about Elliot Wave theory and I should since many traders use it to predict the momentum. We haven't seen the bottom yet and bottom will be tested before we move on. 2200 is my near-term target. Next week should be a good one for traders. Ride each trade daily is the key.
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