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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: GREENLAW4-7 who wrote (41906)	11/22/2000 8:26:32 AM
From: martin001	Respond to of 57584

GL - you may well be right in everything you say - the markets oversold etc. The only thing I can say - dont fight the tape! For whatever reasons (real or imagined) the market is and has been trending down for the last 2 monthes. Selling each rally has been more profitable then buying each dip. Until the indices show me a higher low - the trend remains. And to make matters worse - with each support that is broken - more overhead resistance is created. Alot of charts look oversold but getting back to new highs in most techs looks increasingly difficult (at least in the short term) A catalyst is definitely needed for a strong rally. Perhaps the Fed in Dec will provide the incentive for one. Until then - I m watching the tape and just going with the flow. And trying not to outthink the market. Good Trading M