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Strategies & Market Trends : Sharck Soup

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To: lifeisgood who wrote (27363)	6/13/2001 11:03:43 AM
From: Ron Dior	Read Replies (2) of 37746

Since you can't answer the question, for you know it will make you look like a fool, I will answer it for you. The beginning of Oct. the Naz. was trading above 3K and within the next year it moved over 5K. The pros and nay sayers swore there wasn’t any catalyst to move it higher just like you are swearing now. They predicted a market crash back to the 1K range. I am not arguing whether or not they were right, obviously they were NOT! If you haven’t learned by now you will soon that the market does not always trade on fundamental ideas. Sometimes you need to identify a trend, whether it be up or down. At the present time the trend is up. You can argue till the cows come home that the market has no reason to rise but you will lose. You need to define the word “reason”. These "reasons" can be catalysts whether they are right or wrong. You say that the market cannot rise because it is overvalued and the companies are not profitable? Again I say to you, refer back to my chart and tell me at what date on the chart was it unreasonable to buy into the Nas? It's all about making money, not being correct... Ron Dior

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