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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: StockOperator who wrote (37803)7/10/2002 4:21:00 PM
From: StockOperator  Read Replies (4) of 52237
 
The latest port. mgr. on CNBC has echoed a phrase that I've heard quite a bit lately. He thinks "the market has lost touch with what is happening in the economy" or what about this "there is a disconnect between the market and the bla bla bla..." I mean just think about that for a second. The first rule of the game is the market is always right. It is not I'm right but the market hasn't realized it yet. The only thing that matters is which way prices are going. To look at it any other way implies you should be buying on every leg down which ultimately breaks rule number two which is never to add to a losing position. JMO.
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