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Strategies & Market Trends : News Links and Chart Links
SPXL 225.98+1.9%Dec 10 4:00 PM EST

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To: Frederick Langford who wrote (6827)3/28/2003 1:47:58 PM
From: Softechie  Read Replies (3) of 29602
 
Buyitbuyitsellitsellit.com
1776 Sharpless Road
Meadowbrook, Pa. 19046

MARCH 19 ~ Looks like war is here, as we advance to Iraq post-haste this morning. We've had a spectacular rally here, everyone. But I still have a real problem with this whole move. First, there are too many uncertainties out there yet for me to suggest we invest -- that's a no-no for me and you.
Next, what will the reprisals be as we start this war? [That's] the big unknown, too risky for us right now. Then, my indicators...have NOT reversed back up here, even with this terrific rally. That is the single most important factor as to why I am ultracautious. My thinking is this. If this is real, if the Bear is done, then we'll see it in the charts. I don't see anything that says that right now. All I see is a great rally from deeply oversold levels.

-- Jerry Olson
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