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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (68943)	10/29/2002 11:40:22 AM
From: shoreco	Read Replies (1) \| Respond to of 100058

bcrafty, I see the SPX just cut through 9 days of support and now it is all overhead resistance... This market needs some good news to build a base, not moon shot gaps from pumped up propaganda... Yea, I see rallies within the downtrend as defined here in the "DOW"... photos.yahoo.com Looks like a good buy right around here... EOM Shoreco

To: bcrafty who wrote (68943)	10/29/2002 11:43:36 AM
From: herry iball	Read Replies (1) \| Respond to of 100058

Just thinking like a contrarian.... maybe not? the general thinking has been 1. buy the pullback 2. high probability (historically) for run into elections 3. bad news implies fed cut so, if the consensus is good chance for a move back up this week, mayhaps not? With today's numbers, the question is, will the large players ante up into Thursday's reports, knowing that they could be just as bad as todday's? We've already had a round of buy the bad news, so do they have the ammo for doing it again?