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

To: somatics1 who wrote (21209)	10/7/2000 2:54:06 AM
From: Ken W	Respond to of 29382

George: I don't think anything is going to hold its moving averages for a while yet. The market is nervous over any little bit of negative news. Shorts panic if there is too many upticks and longs panic if xyz company misses any estimates, bottom or top line. Now that oil is beginning to settle down some, jobs have become the focus of boogie men on the horizon. The Euro has began to stablize so the market needed some new impending doom to lurk in the shadows. Basically, protect your capital. Take a profit if you see one (no matter how small) and short anything that gains more than 20% in one day...LOL The other safe bet is to go completely to cash and ride it out until the new year begins. <GGGG> Ken