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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading:

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To: Arthur Tang who wrote (649)6/22/1998 9:31:00 AM
From: Les H  Read Replies (1) of 769
 
Actually, the correction started last August, not in December.
The smaller stocks led the rally into early October.
But the correction would have occurred regardless of any
news related factors anyone wants to retrofit. The market had
gone up 2000 points from April to early August. Momentum and breadth
had started deterioriating from late July.

Retrofiting news events to explain market fluctuations is a sign of
an investor who is blowing with the wind.
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