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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (59668)9/4/2002 3:58:59 AM
From: David S.  Read Replies (5) | Respond to of 94695
 
General public expects DOW below 5000; NASDAQ at 1000.

Everyone is expecting the Dow and NASDAQ to go down, and a large portion are indicating expectations of the DOW to go below 5000. Some very bearish are saying that it could even go to 3000.



To: GROUND ZERO™ who wrote (59668)9/4/2002 6:35:17 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
I agree with David... markets never do what the public expects!



To: GROUND ZERO™ who wrote (59668)9/4/2002 6:50:27 AM
From: Gersh Avery  Read Replies (1) | Respond to of 94695
 
somebody else closed out some shorts:

Chat Notes 9/3/02 10:00 PM

Daily Signals:

SOX: CLASS 1 BUY

DOW, S&P, NAZ, NDX, RUT,: CLASS 2 BUY/ Nearing CLASS 1 BUY
OEX: Borderline CLASS 1

USD: CLASS 2

VIX: OVERBOUGHT

Donald closed his remaining short positions today, if there is further
downside tomorrow (may not need much) additional (INTRADAY) CLASS 1
BUY signals may occur. If that happens Donald may open a small long
option position. He is going to see how it goes during the day. Donald
is not expecting a large move to the upside.