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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: MJ who wrote (649)	6/6/2005 6:05:32 PM
From: Walkingshadow	Read Replies (2) of 4814

Talking headspeak, made to order. I wonder if they read my post over the weekend? Without any economic reports or corporate earnings to provide insights, investors' questions about the economy -- and whether its slowing growth will be aggravated by high oil prices -- went unanswered, leaving many traders on the sidelines. Many on Wall Street were waiting for Thursday, when Greenspan was scheduled to testify before Congress on the state of the economy. With investors worried that the economy could slow too quickly, harming corporate profits, Greenspan's testimony was seen as a possible boon to the market -- and investors appeared willing to wait for it. "You got people taking a longer-term approach, waiting for the Fed. And in the meantime, we're holding in there, which isn't bad," said Bill Groenveld, head trader for vFinance Investments. "I'm surprised we haven't seen a healthy pullback after our rally here. We're just drifting, but I'll take this over an aggressive selloff any day." biz.yahoo.com Incredible. And they just keep printing this stuff. T

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