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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: stan s. who wrote (16731)10/4/2000 11:44:34 PM
From: Ian McGuire  Read Replies (1) | Respond to of 49816
 
evening Stan....
think there is much case for an argument that we may have a short term bottom with respect to testing that august 3 low?..if so, they may let the mice play till fridays numbers come out...



To: stan s. who wrote (16731)10/5/2000 8:09:18 AM
From: rocket_no9  Read Replies (2) | Respond to of 49816
 
<<could easily just be a minor up blip within the overall context of the decline>>

Your not kidding Stan, trying to stay flexible and patient here... holding overnight NOT : )

Interesting article on telco over-build -->

news.cnet.com



To: stan s. who wrote (16731)10/5/2000 8:14:19 AM
From: DebtBomb  Read Replies (1) | Respond to of 49816
 
Good morning all, stan yepper, it could just be another technical bounce, too early to tell, we'll see. It's very possible to get a bounce, the go back down. I'm still wondering how PPI and CPI will affect the markets next week. Oil is now down .71 to 30.72. If we break oil under 30, I say we have a very good chance of rallying.



To: stan s. who wrote (16731)10/5/2000 9:17:15 AM
From: JLS  Read Replies (1) | Respond to of 49816
 
Hey Stan, are you familiar with William O'Neil's theory of a follow-up rally? Essentially, follow up rallies can occur within 4-7 days after an initial rally. Look for one or more of the averages to rise more than 1% on heavier volume. No lasting uptrend can begin without a follow-up rally, but it doesn't necessarily have to occur the very next day.