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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (20731)10/4/2001 10:48:19 AM
From: Stephen  Read Replies (1) | Respond to of 52237
 
Paul, in the fwiw category ...I sold my few longs this a.m. ... maybe a bad idea ... I just remembered they had a REALLY old fund manager on CNBC in the early a.m. a few days ago ... he had seen everything including the 29 crash. He said things had been overdone on the downside and that the DJIA would go back up to 9200 and then fail. Today will be interesting. I'm going to do some homework ... things change quickly .. so I have an open mind at this point ..

Regards

Stephen



To: Paul Shread who wrote (20731)10/4/2001 10:52:08 AM
From: Paul Shread  Respond to of 52237
 
I should add that there were other problems too, such as no 90% down day, and the rally on the 24th was the least impressive for a major bottom (if it was that) in 35 years, per John Roque's statistics. Roque is still an unbeliever this morning, by the way; says the internals yesterday should have been better, given the gains in the indexes and some stocks. FWIW... We definitely have at least a B and a C left to this move, me thinks.


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