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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (6569)	2/28/2001 12:49:22 AM
From: allen menglin chen	Read Replies (1) of 19633

<<The Naz got its lowest close in more than 2 years. >> To be exact, today's NAZ close is higher than any close b4 1998; but lower than any 1999 close. chart.yahoo.com We are somewhere between Dec 31,1998 and Jan 4, 1999, the first trdaing day of 1999. -g- I don't understand why Greenie talked up NAZ @ 2700 last Dec; cut rates twice in Jan to save the economy and the market. Then talked it down last Tue when NAZ was trading around 2500. He wasted his 1% cut and all FED's Jan efforts. Probably Bearon is right. Greenie is cloned. Now the one who cut rates will read the revised version tomorrow. He fliped flop 3+ times in the last 3 months. Even CSCO and SUNW CEOs are blaming him for the late cuts. I heard story that a trading firm boss requires his MMs to be net short instead of net long in this bear market. SHORT ANY RALLY is his last words.

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