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

To: Mike E. who wrote (19832)	10/25/2000 10:38:34 PM
From: stan s.	Respond to of 49816

yeah but the problem with 500 points in 2-3 days is you only get to take advantage of a limited number of plays. the beauty of last year was if ya got stuck in a non mover, you just tucked it away and bought something else...in a few days the laggard moved up and you could take profits. made everybody feel brilliant. hahaha. well, the naz failed the test of doing well on bad news Mike but it's not over. if it holds one of the support lines we're still in business for a rally of uncertain duration. I would like to see 3171 or the engulfing bottom of 3054 hold on closes though and there's a decent chance we will. but someday one of us on this thread will remark..."well it finally happened, we tested the October '99 break and gap at 2875." I would like to put that quote off till next year but I think it will happen, sooner or later. I still want to see how the naz reacts to hard resistance.