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Politics : Idea Of The Day
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To: surfinSteve who wrote (20723)10/1/1998 8:27:00 PM
From: J.T.  Read Replies (3) of 50167
 
SurfinSteve, Unfortunately for the bulls, there is red across the board and it is very significant that the SPX blew right thru 990 (let alone 1000) to the downside. As we are all well aware, buy the dipsters have always been well rewarded the last 3-4 years out. And one hopes that the rally caps will come out tomorrow to prop this market up. If in fact it does occur, IT WILL BE VERY SHORTLIVED. Sell your dogs into any rally and take your cap losses now as they will surely fizzle out lower and lower going into the end of the year. Keep your strong stocks and add to these positions only after a bottom has been established and in place. The time is not now. There is more to this "flight to quality story than meets the eye". JT
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