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Strategies & Market Trends : Group Therapy

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To: E. Graphs who wrote (3611)11/14/2001 9:48:25 PM
From: country boy  Read Replies (2) of 4564
 
Hey E:

Here we are coming up on some significant resistance levels for Naz and S&P. I'm thinking they'll initially bounce hard off the 200 day to levels lower than present. If this market has turned for good, that might make a good entry point.
With the Taliban on the run, we saw yesterday what just a little good news can do for a change. I'm thinking only further economic bad news can derail this rally and with consumer spending turning the corner and interest rate effects to be felt soon, I think we'll begin to see more positive than negative.
That article you posted mentions Americans at large looking for investments other than stocks---like what? With CD yields at 2%? A bunch of funds I bought in early Oct. are up 6 to 12% already. My Leaps portfolio is up 40%. Of course thats not due to my skill, only the market being in good rally mode for a few weeks. Up until Sept. 21, 2% on a CD had been the place to be.
At what level could we no longer call this as a bear market rally? Your take?

cb
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