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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: allen menglin chen who wrote (5170)1/11/2001 2:39:29 PM
From: Tom Hua  Read Replies (1) | Respond to of 19633
 
Allen, with Naz above 2600, I think it's risky to be heavily long. I think it's prudent to book profits from long positions. As far as taking new long positions, it's safer to wait until next Friday after most major companies have reported and provided forward outlook. The other factor is it'll be closer to another Fed cut on the 31. In the meantime, bad outlook can take the Naz down just as quickly as the run this past 2 days.

Regards,

Tom


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