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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (29144)	4/18/2000 12:54:00 PM
From: John Pitera	Respond to of 63513

M, in terms of a retest of the lows possibly one needs to look to 1987, the crash was oct 19th, the retest was in Dec. the SPX and the DJIA never broke down and are in uptrends. the Nasd was way above it's 200 DMA and we went below it for a few days recently. The market is much more realistic, I don't think we'll see daytraders sending stocks like BAMM, EGGS, and other stocks up 1000% in a day for the forseeable future. Companies that will make money and grow rev's will have the advantage, compared to companies like CDNW. We're going to probably see more trading range type activity over the next few months. We'll probably get the biggest nasd rally off of the low the past few days, then the biggest decline, then contract the range. John