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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: bobby beara who wrote (34892)4/25/2002 10:31:56 PM
From: Timetobuy  Read Replies (1) of 52237
 
That Glenn Neely said that last month too. Who knows? He might be right and he might be wrong. The loved stocks are looking expensive here and the techs aren't value plays, so what makes them go higher? Momentum players maybe.

IRA money is in the market now. There doesn't seem to be enough volume to make any sector move up for long before it moves elsewhere. Maybe we get rotation, rotation, rotation and not a real move down.

My contrarian indicator is Abby Joseph Cohen and true to form the day she visited Louis saying we're undervalued and it's time to buy was the day we stopped going up in the short term.

Where's the eternal bulls, Joey Batman, Tommy Galvin, and the all time contrarian Ralphy Acampora? If Ralphy says we're going lower, we must have bottomed out for sure.
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