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Strategies & Market Trends : Guidance and Visibility

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

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To: westpacific who wrote (77387)	10/12/2002 8:12:19 PM
From: westpacific	Read Replies (3) of 208838

You look at a POS like PMCS - it broke its all time historical channel near $10. And now is just in the toilet!!!! Some of this garbage could run, 50 day MA $6.14, 200 day $13.60, channel bottom $11.11. This is all Vegas now, historical crashes coming over next two weeks, terror risks, earnings risks, financial shocks, Japan..........long laundry list. Trade light, daytrade it - cause any news and we could get that panic day I have been looking for. Everyone and their mother that I follow smells, thinks it is time to rally - and these are VERY SMART people. That is always a worry in a very nasty bear market. DOW broke retracement at 7555 which means we should have tested 6259 before any sustained rally. So IMO any rally will be very short lived here. Once we test that lower level on the DOW the long risk is very low near term. But this bear is not going to make it easy for anyone - long or short!!!! THINK ABOUT THIS - both crashes did 20 to 23% - DOW 7800 take 20% and you get 6240!!!!!!!!!! Makes you think and you have to think and WORK HARD in this market!!!

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