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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: kirby49 who wrote (2001)4/11/2001 11:46:21 AM
From: Shaw  Read Replies (1) | Respond to of 5144
 
I wasnt exuberant Kirby. Took my calls of the table yesterday as well.

Just nice to see a bounce for a change. Was tired of watching some techs get hammered to break up value after trading at 200X earnings eight months ago, is all.

Watching for a little pullback here and we c which way it goes from there.

PS: I like the NAZ up DOW down action. I think we can all agree that the DOW has a better chance of tanking again, while the NAZ has been way oversold. It may signal some rotation and value playing by funds, and may signal that we are forming a bottom in techs.



To: kirby49 who wrote (2001)4/11/2001 1:03:21 PM
From: Davy Crockett  Respond to of 5144
 
Hi Bob,

I still think that we are in a long-term bear market.

However, I also think (& the charts concur), that we are in some sort of a short-term uptrend), For how long, no one knows. (Although, I wish I knew <g>)

Watching the Naz & the Dow fight it out (between my meetings), & @ this time it looks like they are both bouncing off support (what was once resistance has turned into support).

Regards,
Peter


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