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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (2144)	8/4/1998 2:52:00 PM
From: Shivram Hala	Read Replies (1) of 12475

The bears are stepping in ... From yahoo news and cnnfn "Prudential Securities Chief Technical Analyst Ralph Acampora, who earlier this year had been calling for the Dow industrials to reach 10,000 in 1998, said the blue chip index could now tumble 15 to 20 percent from its record high of 9,337.97 reached on July 17. Including Tuesday's losses, the Dow is down almost 6 percent from this level." I was expecting a correction from the last quarter. When It didn't happen I added to my positions hoping the market will have some steam left. I gotta stop the bleeding and bail out for some time while this sell off keeps going. BTW iTwo at 21-22, MANU 19-20, and SAP Opened on the NYSE down 4-5 to float around 55. I expected MANU to go down by itself and not based on the broader down market. Well, my theories have to rest for now. Shiv.

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