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Strategies & Market Trends : The Amateur Traders Corner

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To: Ashley800 who wrote (15773)	11/7/2001 1:29:18 PM
From: Tom Hua	Read Replies (1) of 19633

Dave, the Naz has had quite a run, ignoring all bad news. Obviously the one piece of "good" news is the Fed's aggressive cut yesterday but if you look back at post FOMC market action this year, this run is not sustainable, IMO. No doubt short covering has added plenty of fuel. The same story you hear for the 10th time is that if markets rally on bad news the bottom must have been put in. Don't believe it. The sentiment can and will change in a hurry. One gotta to stay calm with proper allocation to ride through and take advantage of the short term melt-up. Regards, Tom

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