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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?


To: pezz who wrote (6003)11/14/2000 12:36:56 PM
From: Hawkmoon  Read Replies (3) | Respond to of 10042
 
Read the tape lately?

Analyzed the charts lately on the COMP?

Daily

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bigcharts.com

Weekly:

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bigcharts.com

And the scariest one of all, the monthly:

siliconinvestor.com

bigcharts.com

If this rally doesn't take to approx 3600 and beyond up to 4000 over the coming months, the next low will be 2400, and possibly lower...

What you seem to want to forget is that whole bunch of people have already recognized that we will have to retest that low we made yesterday before we can have a sustainable rally. And since so many of them were buying the dips at the 3000-3100 level over the past year, they will have EVERY INCENTIVE to sell and break even at those levels such as is occuring today.

But that alright if you don't agree.. Just bookmark this post and refer to it several months from now. If I'm wrong, I'll be more than happy to eat crow. I have no vested interest in the market declining to such a level, but then again neither does Al Gore and look what his actions have exacerbated.

Some seem to think that having Bush in office would spur a rally and stop the slide. But having penetrated the 3000 level, I'm no longer so sure about that.

Regards,

Ron