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Strategies & Market Trends : Sharck Soup

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To: Paul A who wrote (26902)	6/9/2001 12:06:03 PM
From: Jerry Olson	Read Replies (3) of 37746

Paul not asking you to get bullish..just trade the trend...stop fighting against it...it's suicide.. thats how all the masses got buried from Mar 2000 thru this March/April..they fought the downward spiral of "short all rallies" i was posting & pounding the table on for months.. we are overbought short term and will pullback to the middle here..maybe right into the FOMC later this month.. but you better have your list of longs ready, because you must buy the reversal back up... and as for volume??? it was anemic on the way down just 2 weeks ago at SPX 1246...that Wensday bottom i called... then some are taking about Trim Tabs and money flows..they were 10 billion last week into funds...but that is nothing but noise..means zero for traders.. best advice is stay neutral, and trade the trend...The FED is making a solid floor here for the indices...and there not done.. stay well...think smart.. best jerry

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