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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (11837)	11/24/2003 11:13:38 AM
From: im a survivor	Read Replies (1) \| Respond to of 13815

<why> We got too ahead of ourselves again. Huge gains so far this year. This is profit taking time. Earnings are not "blowing out"...decent, but decent is already priced in. Many equities are way ahead of themslves, again trading at high multiples. World events. The magic 2k is quickly approaching and that is going to be a solid steel wall, 50 ft thick to break thru. Shorts know this and will exasperate things. This is the time of year people look and re-assess the year and their portfolio. I think ALOT of people are going to see huge gains and possibly want to lock them in, wait and see if we break thru 2k, and buy back in if we do. Possibly safer to take profits, ensure huge gains for the year, and then either buy back in lower, or AFTER we have convincingly broken resistance, uptrend looks intact and etc....??? Hope I am wrong and the train blows thru that steel wall ahead, but I think this BIG early up move is a set up for big boys to bail on some stuff, and then back down we will go.....Not a conspiracy or anything like that...just normal...always happens like this......But, like I said, a great week this week will make for a nice thanksgiving, and I do hope I am wrong, but suspect I am not...time will tell.....gotta run....