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Pastimes : The Big Tex House of Coin

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To: Jeff who started this subject	3/7/2001 8:32:33 AM
From: ChrisJP	Read Replies (1) of 19297

Well Jeff, we appear to be at an interesting short term cross roads, don't we ? Everyone believes the markets are heading lower, but no one wants to be the last one to sell. However, by all historical market valuation measures, the markets should be 10% - 20% lower. Nothing's ever easy, lol. I'm guessing the recent price support is due to short covering. So IMO, there's still no rush to jump back in. FWIW, some stocks I check are poking above their 20 dMA and are triggering SAR hits. The market had an interesting reaction to VTSS's warning and it looks like the NASDAQ might have had a SAR hit. bigcharts.com bigcharts.com Anyway, maybe there'll be some short term fun on the long side -- and I do mean short term, lol. Regards, Chris

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