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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (1684)	1/29/2002 12:26:39 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

CNBC ON ECONOMIC IMPROVEMENT: Last three months in a row have shown increases in new orders and consumer sentiment numbers. Economy no question getting stronger. Market could go UP or DOWN or BOTH! Arguments of economic improvement and generally better than expected earnings and guidance are a case for the former. Accounting fears, over-valuation in techs and the NAZ support a case for the downside. SO WHO WILL WIN? No one probably (in the short term)! We will probably continue to see an UP-DOWN market, like we have seen. We have NOT seen any 3 day losing or winning streaks for months if I recall. Why everyone gets SO down or SO up is confusing to me. I think our whole philosophy on this thread is perfect - look for pullbacks to support on strong relative stocks on WEAK days and the opposite on strong days (i.e. look to sell at resistance.)