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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (1639)	1/12/2001 3:07:40 PM
From: Lane Hall-Witt	Respond to of 6445

Dave: The markets certainly are skittish, even if the bias seems more positive for the first time in quite awhile. I think caution is certainly warranted. The market would be in significantly better shape if it could work through that 2700 resistance level. Agreed! Maybe the poor guidance coming out of earnings will finally break down the upbeat sentiment. I was expecting more trouble on the heels of YHOO and MOT, but the market just chewed up that bad news and spit it out. You're right to ask how long that can possibly last--. I'll probably stay flat for the weekend -- may take home a little ARBA or CMRC long, but will probably wait on them given the extreme weakness today.