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To: GROUND ZERO™ who wrote (3236)7/14/2001 9:38:15 AM
From: moorso  Read Replies (1) | Respond to of 8150
 
GZ,

I hope yer rite about the bottoming action. Ya know, you read CB and other boards and all you see is glOOm and dOOm everywhere. Its hard to find anyone who even dares to speculate that ms. market could go higher. Maybe this cements the idea that we are very near or at bottom. Who knows... And, I get the impression that whoever has the power to manipulate this market will refuse to allow it to go lower. As in, dont fight the Fed.........

Scanning the ndx clx last night and lOOking at a little bit of history, I got this sneakin suspicion that something might happen on Monday. To the upside that is. Then maybe a flat to sligthly down day on Tuesday. All just wild *ss guesses on my part. So, I'm staying long probably to Tuesday night or Wednesday. After that we should commence a short downleg in the cycle. Sure is hard to make any money in this market though.

Best of luck,

mOOrso



To: GROUND ZERO™ who wrote (3236)7/14/2001 11:57:26 AM
From: Moominoid  Read Replies (1) | Respond to of 8150
 
May take place, but until there is a decisive crossover on those stochastics they could just bounce along the bottom. Microsoft chart has a broadening top on the daily? Doesn't look good? There's still a downtrend in place on the daily NAS charts...