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Strategies & Market Trends : 50% Gains Investing

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To: S Shaw who wrote (29492)3/1/2002 6:06:33 PM
From: Dale BakerRead Replies (1) of 118717
 
Look at the recent charts of today's biggest gainers - most barely made it back to the top of their recent down channel. Buying them any day before now got your fingers sliced off by the falling knives, all the way down from the January peaks.

ORCL's warning after the bell could deflate the wannabe bubble in a hurry.

Today's trading was a bottom fishing expedition which, for once, didn't get swamped by tidal waves of selling in the afternoon. I'm really glad the economic news was good - but enough for a 4% Naz rally and more to come?

I am not convinced yet. This looks like another by-product of the random number generator called the stock market for now.
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