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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: donald sew who wrote (7920)5/24/2001 2:06:28 AM
From: Berney  Read Replies (1) of 52237
 
Don, My hat is off to you one more time!

I really wondered Monday what the catalyst for your Class 1 sells might be, as I just didn't see it. I was very close to pulling the trigger and committing the 90% cash in my little Phleet with the final breakout of the NAZ following the previous breakout of the SnP and Dow. It was a real struggle for me. I finally decided that I was not going to fly in the face of your (at that point) pending Class 1 sells, and I thank you!

BTW it's amazing how these catalyst's appear. The book to bill and the Jefford's political thing just crucified this market! The Market climbs a wall of worry, but, I believe, it is the obvious stuff. This political thing has extreme importance and is somewhat similar to the deadlock in the last election (and the result to the Market on that event). After the sell-off before Jefford's speech, if we don't get a bounce, IMHO the market is in trouble.

I think that Lee and I agree that this move cannot be justified by FA. I'm almost entertained by the pundits that constantly tell us that the market discounts 6-9 months into the future. Prey tell; that's why companies that miss their quarterly earnings by a penny, find their stock values taken down 10%.

In any case, it is going to be really entertaining to watch the spin masters try to play this one!

Thanks again for you extremely valuable efforts on our behalf!

Berney
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