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


To: maverick61 who wrote (49497)3/20/2001 8:02:58 PM
From: American Spirit  Read Replies (2) | Respond to of 57584
 
We did get a relief rally. On Monday and this morning. My Lu for instance moved 30% and I sold it just under 13.
Rally was cut short suddenly by the market's perception to Greenspan's move. I am disappointed but glad I sold three stocks this morning. I was ready to sell everything today if we had gone up another 5%.

Hard to imagine where the shorts think we have to go from here on the downside but the lows tomorrow might be pretty climactic. Also very volotile. Certainly trading opportunities if you get the timing right.

Watching INTC tomorrow as they seem to be ganging up on that one stock in particular. Fridays seem to be the worst days lately so maybe I'll wait until then to go bargain shopping. A rally before Friday would really surprise me until the market semi-crashes tomorrow. That would get deeply into irrational territory on many stocks.