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Strategies & Market Trends : Rande Is . . . HOME

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To: rocklobster who wrote (48753)	3/11/2001 3:39:21 PM
From: Mike M	Read Replies (3) of 57584

Actually, the only thing I would disagree with you is that the long 4DML was in its fourth day on Friday. It began Tuesday with a gap up and closed near the low. Friday's call after the opening gap down was premature and frankly there was no particular reason to make the call. I also disagree with Rande's argument that there is no reason for the longs to be squeezed because "longs are no longer margined". That will be a great argument for calling a long term bottom but I am pretty sure that we are in no danger of that any time soon. Having said all that, I would not be surprised if the market isn't oversold enough for a short 4DML to start Monday or Tuesday...

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