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To: GST who wrote (130878)9/3/2001 11:43:51 PM
From: fedhead  Read Replies (1) | Respond to of 164684
 
So what you are saying is that its time for the other sectors like autos, housing , retail to follow the tech sector down. Incidentally all this doom and gloom is probably pointing to a rally. The Dow definitely looks like
its going to take a trip to the low 9000.

Anindo



To: GST who wrote (130878)9/4/2001 5:28:49 PM
From: craig crawford  Respond to of 164684
 
>> The divergence in breadth signaled the engorging of the bubble <<

yup. all you have to do is look at the a/d line in 1929 and the late 60's to see that these divergences always portend dire consequences. the a/d line was faltering for months before the market crashed in '29. people piled into the nifty fifty back in the 60's at the expense of the broad market. nothing's changed, and that's why this secular bear will wear every last bull out before it's over.


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