The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Linda Kaplan who wrote (6441)	10/27/1997 6:44:00 PM
From: Instock	Read Replies (2) of 79270

Linda: What? What is your point? I am not getting it. I agree , it is a buying oppertunity. AT what point will the correction UP happen, I do not know. My best guess is there will be a small recovery starting Mid day Tuesday. This is were the TA Pro's can answer questions much better. It was a 7% correction and probably a correction that was over due with the Big gains in the past months. Anyone shorting in the past few days, will HAVE to cover at some point and when they cover they will be BUYING. I thiink the corrections of the past few days have alot to do with media Hype and the spreading of fear. Once again, Inflation is under control, the Fed. Deficit is way down, Intrest rates are down, employment is about as good as it can get, The US economy is the envy of the world! With all that selling going on in the past few days, even past few weeks, there is alot of free cash out there looking for a place to park. The rate on T Bills and Bonds, which have dropped yet more, is not going to keep investers happy for very long. My 2 cents worth. Instock

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