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Strategies & Market Trends : The Millennium Crash
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To: Arik T.G. who wrote (154)8/13/1997 4:20:00 PM
From: Rarebird   of 5676
 
Arik, you must think the majority of bulls are stupid because some of them are not versed in TA like you ( or me). They have been sending their money into the stock market( via mutual funds)every month for the last 15 years ( like my wife) and they have made a killing and their completely unphased by TA or price fluctuations. Their products of the mutual fund marketing industry. They endured the 87 crash and they just invested more money the next day. The professionals and astute investors and traders are, of course, taking their profits here. Do you blame them? If you get a tame CPI tommorrow, your gonna rally back to the highs. The smart money, as I see it, is waiting and hopping for a 10% correction so they can go back in with a vengeance. I hope you noticed that The Russell 2000 was up today!
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