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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (72097)4/25/2003 7:29:57 PM
From: AllansAlias  Read Replies (5) of 209892
 
LOL. More time has been wasted calling the top on that one than any other stock. A new all-time high recently. Anyone who has held MMM is smart. Give them that.

I expect that MMM is the talk of the bearish ether today. I have only read about 10 messages on all of SI, BF, and PB this evening, but I'll bet there are tons of MMM messages. Yup -- it's over for the Dow 'cause finally MMM is ready to participate in the bear. -g

What about the last two years? Anybody who had the balls to hold is, at this juncture, smarter than any wide timeframe bear for MMM.

The bottom of the MMM pattern is at about $98 here. It might get there. Dunno. I remember August on BF when I said MMM would make a new all-time high. I'd say it's about even odds that it'll make another all-time high.

I know we are setting up for a monster short, but I am not as eager as most to see it coming yesterday. I opine that the Dow will yet take out that triple top to the upside.

It's Friday... tough week for me D. All I care about tonight is the red in my glass, Roland The Headless Thompson Gunner on gear that cost more than my car, playing at an injurious level, and the Canucks game. Canucks are gonna win the cup. It's the toughest championship to win in all of pro sports. Tell me, you've got pull with that organization. If I fly to Vancouver next month for round 3, can you get us tickets?
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