Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Crimson Ghost who wrote (5802)	11/15/2001 6:27:00 AM
From: t2	Read Replies (1) of 99280

Retest of lows very unlikely, but a 50% retrace of the the rise looks probable in the weeks ahead If the economy is turning around, I think a 50% retrace looks just as unlikely as a retest. I feel more certain of this because the drop after September was caused an external event, an unexpected tragedy. Maybe a retrace of 50% from September 10 levels to current. Of course this won't make sense technically. Europe's strong showing even today hints that this is not really about AMAT's bad earnings. There is a major change taking place in the investing world. I am looking for the near term top on the Naz (to sell) but I keep pushing it out---maybe today, next week--no way to know. Just waiting to see any reversal of this uptrend--might sell after it reverses instead of trying to time the top.

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