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Strategies & Market Trends : Automatic

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To: ken-l who wrote (181)4/4/2001 9:04:14 AM
From: robert b furman  Read Replies (2) of 470
 
Hi Auto,

I still have some purchasing power.Could you please arrange for another one of those wedges today?gggg

We are nearing Max value. Yesterday was capitulation:

Naz 100 - 2 stocks up 98 down
Dow 30 - all down

Fast price declines and a big percentage : Orcl down 2.09 from 15 and change.

Usually(if I recall past trauma's )this sets up the final bottom - some recovery and then more fast price declines.

Finally all bottom in unison and historical trend lines can be written for years.I think more damage must be done in the Dow and maybe an intraday swing in the naz of about 200 pts.

This is just a dumb number but the last bottom was 10/08/98 - the Naz's trading range: 1357.09 - 1415.55.How many stocks have you seen that just have to go back to where they popped up from previously to conclude the current bottom.I guess you number jockeys call that the ole 100%retracement.

We're close.
We are in capitulation RIGHT NOW.

Bask in it's fear and above all BUY LOW!!!

These are exciting times.

Best of trades.

Bob
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