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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: bobby beara who wrote (34892)4/26/2002 8:42:05 AM
From: Terry Whitman  Read Replies (3) of 52237
 
1Q GDP at 5.8%
bea.doc.gov

Keep the contrarian hits comin, BB. The possibility of a breakdown here is very remote, IMO. The soldiers (small caps) would be looking like death if that were about to happen. Instead, they look poised to break to more new highs.

Had a co-worker come over to talk this week. He said his wife wanted him to sell out his communications mutual fund- she'd had enough. Since I've gotten the reputation as somewhat of an expert on the market in the office, he wanted some reasons why he should hold her off.

I tried to explain to him that they'd probably be making the same mistake in reverse as when he bought into the fund in 1999 just before the peak. That mistake would be one of 'timing'. You listen to the public press and the garbage they spout- and your timing will be completely opposite of what it should be. Of course I added that there are NO guarantees on anything when it comes to the market. An Asteroid could strike the Gulf of Mexico tomorrow, and wipe out the southern coast- and the market could get worse. <g>

Added some GE to my Dow Dog portfolio (w/ HON and SBC). I'm sticking with the cyclical bull plan until the internals show me otherwise. Doesn't mean the OEX or NDX can't test the lows- they can- and the odds have certainly gone up on that happening. It may indeed happen if Easy Al and da boyz don't start that 3rd shift back up on 'Operation Printing Press'. <g>
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