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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (78051)	6/6/2001 1:10:56 AM
From: American Spirit	Read Replies (1) \| Respond to of 99985

No one really knows when to get in or out. Just have to make a gut call and go for it. All I know is I made a modest profit and got back all my money plus more on LU so I'm out and I'm happy. If it goes up again tomorrow so what? This market is going to swing up and down a lot going forward. That is because the negative and positive are equally good arguments at these prices. CSCO is too cheap at 14 and too expensive at 24. Therein lies your trading range though it probably won't hit either end. Not until fall anyway. and then it will be to the upside. In the meantime I very much recommend a good oil stock or two. Some of them are actually cheap despite huge earnings. Basically I will continue to do the opposite of what the market does. Which is why I sold today.