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Strategies & Market Trends : Rande Is . . . HOME

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To: American Spirit who wrote (48396)	3/5/2001 12:20:28 AM
From: prophet_often	of 57584

You mean the NAS is going to go up 5% this week? All the way from 2100 to 2200? I don't know Spirit, that is a pretty bold prediction, LOL. The market continues to rally just enough here and there to breed false hope. I hope you are right but my guess is more earnings warnings, more gnashing of teeth over the economy and so on leading to more downside. I do believe we might set a tech bottom sometime later in March, however. I am thinking they want to bring this thing back up from the depths before March 31 to keep the 401K and mutual fund holders pacified when they get their quarterly statements. If we continue the downtrend through the end of March, redemptions may become a problem. Then again, maybe that would set off the capitulation event some think we need in order to make a bottom... biz.yahoo.com

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