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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 693.77

-0.2%

Jan 13 4:00 PM EST

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To: Clint E. who wrote (9173)	11/11/1996 10:13:00 PM
From: j g cordes	of 69730

Clint: Yes you got it, but this is like that movie Quiz Show, you know your questions answers! We are playing. Just took a look at MU as if I didn't know anything about the stock, its business or industry. Just on a chart basis, it looks like the chart wants 37.5 before running into real trouble. The plodding on and up, and on and up of this market run is wearing on that sense that things turn down. Classic bull's drag in foreign investors (not yet), and run up in a what me worry top (perhaps... I haven't heard a mainstream investment house predict anything less than higher prices). The bond market has no participation, which I would regard as stock market speculation also. But in all of this talk about market's up and tops and slides, one has to bear in mind that its always the issues you've put money in, nothing else matters, until you've sold or exited your positions. Jim

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