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Strategies & Market Trends : Sharck Soup

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To: DebtBomb who wrote (16243)4/14/2001 5:04:52 PM
From: GREENLAW4-7  Read Replies (3) of 37746
 
Far too MANY believe in a rally to 2400-3200. The p/e's and coming earnings short-falls with earnings warnings will take this nasd so fast back to 1600 that you and I will be amazed!

Last friday's action on stocks that had terrible news tells me the retail long is desperate like they were in late to mid january. Institutions cannot hold these stocks that have depleting fundamenatls and with the 80% gains in many over the last 5 days THEY MUST SELL!!

I have looked very, very hard at the big picture of our economy and the worlds over the last 18 years, and let me say this a bluntly as I can..........WE AS AMERICAN'S THAT LIVED THROUGH THE LAST 9 YEARS OF CONTINUING WEALTH ACCUMULATION ARE IN TROUBLE!!

A secular bear has emerged and unfortunately since we now have a world economy it will be far worse then 1929 and beyond. Remember only the US is getting pinched currently what happens when Europe goes? I would love to hear anyone tell me it will be as bad but not worse then other secualr bears. I totally disagree!

Becareful in any long positons unless its only for a trade. Suckers will buy into this 2000 thing like bears to huney but watch what happens. Sentiment has not bottomed yet, if it did you would not have had the 4 day rally!! Even with the retail shorts backing it up!!

Remember use 94-95 charts on all stocks for a relative basis, it will surely scare you from holding anything more then a day in this market!

Cheers! Also I am not happy to be bearish I was long fron 2100 in the nasd and rode too many stcoks to 1800!
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