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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: epicure who wrote (8426)	5/11/1998 7:48:00 PM
From: Robert Graham	Read Replies (1) of 42787

I think we have entered a volatile phase of the market now that we are moving into a series of upcoming earnings reports. The job's report of Friday was actually mixed news, but the market took off on the positive part of the report. Now reality is setting in once again. Here are further comments of mine on this topic that you may wish to look at: exchange2000.com . I can see where people going to cash in an more "orderly" fashion (not in a panic after the market has already started its slide) is bullish with respect to a potential market correction. However, I also think that a bullish breakout into a new uptrend may still have some time before it comes, and possibly not without another leg of the market adjustment that started off this consolidation phase, like a move back down to retest the 50 day MAs or even the April lows. This is a trader's market. Just my opinion of course. Bob Graham

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