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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Dana Johnson who wrote (934)2/23/2001 1:01:06 PM
From: adcpres  Read Replies (1) | Respond to of 52237
 
Dana:
I did not say that nor implied it. I have given up trying to predict how the market will take news or rate cuts. The market psychology is impossible to second guess IMO. Just when you think you got right, it will turn around and fool you. If a preemptive strike comes from the FED, the market WILL react. But, how it will play out is pure speculation.

I was just making the observation that CIEN hasn't gotten caught in today's down draft yet today and might be a good SHORT if you can count on there being no surprises the rest of the day. GH



To: Dana Johnson who wrote (934)2/23/2001 1:37:49 PM
From: eddieww  Respond to of 52237
 
Yeah. Makes me afraid to hold short positions when coupled with the rather severely oversold levels on all major indices. If the shorts are sitting on hands, any downward movement would rely on capitulating longs.


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