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

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To: Chris who wrote (13380)	7/29/1998 3:30:00 PM
From: Teddy	Read Replies (1) of 42787

Anyone ever hear this before or have the data to test the idea? Laubscher said the market was behaving exactly as he anticipated -- jumping on a technical bounce at first and then leveling out. "This is completely normal," he said, noting that there wasn't much news moving the market at large. "We told our clients this morning: It'll open strong, ease off for a few hours, and then come back and close strong. We're in a strained cycle, which will continue into next week. Every month, we see the last two or three days with some nice trading, going into the first five or six days of the new month." The analyst offered the work payday period as a possible explanation for that cycle, adding: "We're not sure why it happens. But it does appear to work, and we certainly operate on that cycle and take advantage of it." Laubscher said the correction has reached a temporary bottom and that over the next few weeks the market will trade higher and test new highs, although he said he doubts records will be set.

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