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To: 007 who wrote (4461)	10/20/1998 1:45:00 PM
From: waverider	Read Replies (1) of 14427

NEM tested its 21 1/2 - 22 level again and held. Just a reminder about the market's direction for those of you ready to pull in any losing shorts or puts. This rally is exactly what one would expect in a bear market head fake. The fact that we are in record PE territory again with confirmed earnings slowdowns from many companies has me ready to pick up more bear positions. LT did mention it would be very difficult for the bears to withstand this. It is indeed difficult...but keep reminding yourself of previous assumptions. Indicators indicate that stocks are extremely overbought: decisionpoint.com decisionpoint.com <H>

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