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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (20064)5/30/2000 9:22:00 PM
From: Ken W  Respond to of 29382
 
Hi Sergio and gang,

Wow the thread has suddenly come to life. Lots of old friends are showing up. Doug R. and James S. I for one feel honored to have such savvy players posting here. (is that enough?) Okay, today's rally I have to agree with you on is not going to hold for too long. 200+ points in one day is just too tempting for the short term profit takers and the shorts players. We just cannot go from short term oversold to overbought in one day and expect it to hold.

I still contend that the market must hit the absolute bottom and consolidate there for a while before becoming healthy enough to go back up to the previous highs.

Greenie is beginning to lurk again and is due in June.

Ken



To: Sergio H who wrote (20064)5/31/2000 11:52:00 AM
From: James Strauss  Read Replies (1) | Respond to of 29382
 
I don't think this rally is substainable and will use it to close out some positions. The lack of volume to match the run-up indicates that short covering didn't come into play.

Sergio:

Spoken like a true technician... : >

OMM looks like a good one... bigcharts.com

A break over 4.00 doubles it...

Jim