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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (2622)8/30/1998 10:52:00 AM
From: JEB  Respond to of 119973
 
I played it Friday. I understand we are in uncharted territory, having broken long term support levels.



To: James Strauss who wrote (2622)8/30/1998 11:07:00 AM
From: TokyoMex  Read Replies (1) | Respond to of 119973
 
What goes around comes around,,bears got their butt kicked for past 9 years ,, many of them in financial ruin,,they are having fun now,, but does any one think bears will have 9 years in their turn ?

I do not think so ,, I will give them ,, few weeks ,, we will see Jimmy Rogers with more wrinkles,,

Simply put ,,when we see the bottom ,, go get some calls on major indexes,, or leaps ,,

Better to try to see the bottom for no brainer come back ,, then going short on already down market,, and catching the blade wrong way ..



To: James Strauss who wrote (2622)8/30/1998 11:49:00 AM
From: JEB  Read Replies (1) | Respond to of 119973
 
Jim,

I revisited the 5 year chart for S&P (when I noticed something on your chart). I was wrong about the SPY not having any further visible support levels. I took the word of some traders I knew and did not research it, myself. Bad move on my part, sorry!

The chart shows 1996 support at around 97 and 1995 support at around 81. Here is the 5 year chart for your inspection:

bigcharts.com