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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: jefe12 who wrote (12932)	2/28/2002 12:15:33 AM
From: Susan G	Read Replies (1) \| Respond to of 26752

Tomorrow is the last day of the month. It's window dressing time...and now the stocks they want are on sale tomorrow. How convenient <g> Oh what fun, watching all the BS window dressing, knowing all those fund managers are pulling the wool totally over they eyes of their poor clients. "Oh good, I didn't own Enron or Tyco or Imclone thank goodness. But then why are my mutual funds down 1/3 this month? This says we owned all the stocks that did great this month" Sheesh. WHEN is the SEC going to outlaw this blatant rip off of mutual fund holders that is so commonplace that Bob Pisani talks about it like it's ok and expected.... Could be the final up bar needed in those daily bearflags to set them up as the perfect short targets, right at the emas.

To: jefe12 who wrote (12932)	2/28/2002 12:16:14 AM
From: Nancy	Respond to of 26752

profunds used to require 25K at least that was when i opened my account. i did not think about the minimum as my thought is if one's ira is below those minimum it may be better off just try plain stock long and stay out of mkt when environment is hostile, for these are 2x beta funds - a wrong bet could easily wipe out a small ira.

To: jefe12 who wrote (12932)	2/28/2002 12:21:15 AM
From: Susan G	Read Replies (1) \| Respond to of 26752

Big test on the DOW coming soon, on the next rally up - the test of January highs. We need to keep an eye on it even if we are trading the Nasdaq, as a failure will certainly take the already sickly Nasdaq down with it. 10300.15 is the number to watch. It it gets close and reverses or breaks through and then does a fakeout and reverses, watch out, as everyone is watching this test. And many will buy the breakout which can cause major dumping if they have all just gotten long and it rolls over... Right now the daily chart has a rising wedge that started forming in mid January. And the top of the wedge is right above 10300... This could go sideways for a while, and still be a rising wedge, just larger. home.earthlink.net