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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (2387)	5/11/2001 1:16:35 AM
From: The Freep	Read Replies (1) of 209892

<<Nowhere to go but down...>> Bobcor!!! How could ya say this? If I had a penny for every definitive statement made like this (up or down), then we'd be having a currency crisis here in the States and I'd need to move the Freeps to a much bigger abode. Seriously, there are lots of reasons for the market to dip/rest/decline here. But those reasons don't make it so. Fed's pumping liquidity and has cut rates a bunch, with one more Tuesday. That's definitely good for the markets, even if we do sell off on the news. There will be a bottom to this tech slowdown, and whether or not growth returns, you KNOW that stocks will be run up when a few big boys say they see that turn. Rational or not, I might add, as PEs will still be inflated. That could happen at any point of any day, so there's no way I can agree that there's nowhere to go but down. Anyway, none of the above is stuff you don't know, but I think you just guaranteed a huge gap open :-) the freep

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