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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Michael Watkins who wrote (49095)5/6/2004 1:10:32 PM
From: Paul Shread  Read Replies (2) of 52237
 
Looks like we could get a 90% downside day today on the NYSE, similar to the March bottom. Would set up as good a bottom as you can get if we get the same thing on the upside within the next week. All just conjecture at this point.

With the PC ratio and heavy selling so far today, I'm thinking long for tomorrow if this continues into the close.

Sure is going to be interesting to see how they respond to the jobs report tomorrow - could be back in the sell a strong report, buy a weak one pattern of several years ago.
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