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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: KeepItSimple who wrote (44810)11/28/1999 6:02:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
Okay... if you say so... besides, I also expected the market to rise as of the last rate hike... and I'm the one who posted here weeks ago that the NAZ is a runaway market... but, take a good look now at rising commodity prices..... when j6p pays more at the pump for fuel and more at the store for food staples, he will stop buying stocks... there is a time when things becomes too good to be true... I don't think we're going to have a crash here in the markets... just a nice, healthy pull back.....<g>

GZ



To: KeepItSimple who wrote (44810)11/28/1999 4:23:00 PM
From: J. P.  Respond to of 94695
 
There are always technical pullbacks that are tradable. I think we're at one right now in the Nasdaq. If you look at a Nasdaq chart right now, common sense would dictate some profit taking. Downside potential looks greater here than upside potential, and all market participants are looking at the same graph.

finance.yahoo.com^IXIC&d=3m