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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

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To: Johnny Canuck who wrote (34295)	9/19/2001 1:06:09 PM
From: Suresh	Read Replies (1) of 68180

Hi Harry, there are times when one needs to forget about technicals and other background information. I think this is one of those times. None of the world wars was able to destroy the economies of the world forever. Similarly things that are being done today (esp. liquidity related actions by many government/org.) will make the business recover much faster than anticipated. With that in mind, I am slowly deploying to go long the market. Probably next year we will look back and say what the heck where we thinking instead of just buying. Since most of the buying I am doing today are for long term I will probably (big ???) stop trading and will spend more time with the family. One of my friends said he had never heard me so optimistic about the market for a long long time. It is good to be a contrarian close to the top/bottom of the mania. All the best to one and all. Later, Suresh

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