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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (34576)4/22/2002 2:06:13 PM
From: Terry Whitman  Read Replies (2) of 52237
 
LOOK OUT! The telecoms are breaking down!.
quote.yahoo.com

Oh, wait- sorry, I was standing on my head again. I guess they're in reality recovering from a gap down. Possibly even confirming the previous low as the bottom. But that's not with the bearish program here- Let me try again.

Don't believe in a recovery for one minute! They're all going to ZERO! DIE- DIE -DIE bad stocks! <g>

I don't really follow the NAZdung too closely- but from what I can see- it also has a series of higher lows.

LU and WCOM have recently put in multi-year lows, some of the few stocks still hitting the new low list. LU (so far) has a substantially higher low than the previous one. WCOM managed to set another lower low today - But to focus on a small handful of stocks near multi-year (or decade as in T) lows while the majority of stocks are rising is to miss the big picture.. you're looking at the weakest of the weak. Missing the forest for the trees..

The pretenders will be separated from the contenders soon enough. I've been posting views here on SI since 1996, and I'm still standing. Standing higher than ever before on this pile of gains. Gains that I didn't allow the bubble to take. Gains that have steadily increased since last fall. Times change, and the smart money changes with the times. Hopefully my money is smarter than me. hoho
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