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To: LLCF who wrote (14759)8/30/2000 10:49:29 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
This is a most interesting point. I have just bought the dip off yesterday's low, as I saw it as the edge of the precipice. I have a tight stop for this one as it's a scary place.

Smelly has to hold here at ~1112 or it will do some decent giving. NDX cash has some nice air under this level. If this long goes negatory I will be short in a heartbeat.

SPX is labouring and all I can see is resistance overhead, especially the wedge bottom from the dailies.



To: LLCF who wrote (14759)8/30/2000 10:51:30 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
no no no...i didn't want to imply anything unbullish. of course stocks will outperform everything else. the stock market is only 170% of GDP right now...

stocks are a riskless asset that goes up automatically...sometimes you get dips for buying.