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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: oldirtybastard who wrote (68792)2/16/2001 10:15:22 PM
From: sandeep  Read Replies (1) of 436258
 
Actually, I think that charts are working great. NDX-100 went into sell mode after it broke 2500 while DOW will do so if it falls below 10600. Otherwise long the dow and short the ndx-100 from a few days ago would have netted a lot of money. Just imho.

Of course, fundamental analysis is very important to understand the bigger picture, but mania can continue for a long time. E.g. fundamentalists will figure out end of bear market before the chartists, but could still lose money by putting it where their mouth is for some time...
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