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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: BirdDog who wrote (27074)1/6/2002 7:03:26 AM
From: Paul Shread  Read Replies (3) of 52237
 
A lot of us had 7500-8300 targets on the Dow anyway, based on the size of the top the index was putting in. Sept. 11 might have accelerated a process that was already in place.

I think I posted this to you before: the flip side of your argument is why did this happen in a wave 3 of 3 down? Bad things happen in bear markets. When the global economic cycle turns from wealth creation to wealth destruction, crazies come out of the woodwork.

Again, even the 1942 bottom had a noticeable base. We had a 12-18 month 30-35% bear based on real fundamental problems, and it's going to end with a one-day reversal?

Also, I think Don's work shows we have a 90% chance of retesting the lows at some point.

Just one hallmark of a major bottom is all I'm asking for. Just one. ;-)
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