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Strategies & Market Trends : Can you beat 50% per month?

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To: Smiling Bob who wrote (4777)11/11/2002 1:47:08 PM
From: Smiling Bob  Read Replies (1) of 19256
 
8400 was delayed, but appeared today.
We should close at 8375-90 level today
8440 now
The intraday trading probably projects a much better image of where we are heading. The closes have been too often manipulated.
Answer to PM
Here's how we get to new lows in short time
No real crash
Below 8k this week
Below 7500 next
A lot of days like today with an occasional up day will get us there
1:4-1:5 ratio of up to down days
-100 to -200 pts
This Iraq thing is serious business. The threat alone will take the markets down and keep it down. When you join the war threat with the continuing signs of an economy not ready to rebound anytime in the foreseeable future, you have a market that is way overpriced after the Oct rally.

Bush is ready to fully commit to ousting Saddam. Not necessarily because of his own strong beliefs, but more to finish his father's work.
Without his father, he wouldn't be in the White House.
Message 18204678
War jitters weigh on investors
marketwatch.com
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