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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (18577)8/4/1999 4:00:00 PM
From: Canuck Dave  Read Replies (3) | Respond to of 56535
 
BIG risk you're taking AS. I don't think we've seen the bottom.

But you're probably right about a relief rally tomorrow. Seems like we have this discussion fairly often. You've got more faith than me right now.

CD



To: American Spirit who wrote (18577)8/4/1999 4:20:00 PM
From: LTK007  Read Replies (2) | Respond to of 56535
 
A.S. all my TA indicators remain firmly DON'T BUY!(but for shorters,it is saying Short) --NASD has now officially corrected,down 10%--the unofficial correction will be a lot worse I suspect-sorry,BUT my and my charts opinion ONLY.
Advance decline ratio getting very ugly.
How bad? I will consider buying LU in the low 50s,AOL in the low 70s,
BRCM in the low 90s--that is I will consider buying.
Where do you get your optimism? I simply can find no technical ground for optimism,in the shorterm view(1-2 months,roughly) Max