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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 676.41

+0.7%

Dec 18 4:00 PM EST

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To: Johnny Canuck who wrote (34630)	10/4/2001 5:32:42 AM
From: Clint E.	Read Replies (2) of 69101

Harry, I wish today's news-based rally would have happened on Oct 31st since there should be plenty of negative earnings news in the next few weeks to cultivate fear and retrenchment. However, I think "why" we rallied today minimizes any serious pullback and at worst limits it to ~1500. I think we've already seen the worst in the NASDAQ for this year, and most probably for many months to come. I am more bullish now than I was on Sept 10th., and I continue to think that the economy and the markets are more likely to slowly recover in the coming months as the theme becomes "things are not getting any worse and help(stimulus) is on the way". Clint

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