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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dougjn who wrote (14127)	8/6/1998 1:36:00 PM
From: FJV	Respond to of 42787

Many more than one sharply down days are IMHO in the cards. This market is sick man and I truly believe that although we will see a substantial rally in the short term, the worm has turned. "Buy the dip" will be replaced by "Sell the strength." Until we see some more pain, less complacency, and some panic, this market remains very vulnerable. Until the mainstream press starts hawking financial Armageddon, the longs are in for trouble. Real blood on the streets will attract the truly powerful money back to these markets when their distribution cycle is completed and their accumulation begins anew. But then, what do I know. Regarding Dell, it's chart looks awful. Until it can break out of its downtrending channel, I would stay away. It all rides on the CC after earnings. The actual number will mean very little IMO. Franco