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Strategies & Market Trends : InvestRight - Short Term Trading St -- Ignore unavailable to you. Want to Upgrade?

To: James Marks who wrote (37)9/7/1998 10:17:00 AM
From: Jeffrey L. Henken  Respond to of 939
 
The stock market should be moving nicely higher come Tuesday. I base this on a couple of observations. Alan Greenspan and others have opened the door to a possible interest decrease:

Message 5677558

Second overseas markets had there strongest day in a long time:

quote.yahoo.com

There is going to be a lot of short covering tomorrow. I believe the bottom of the "Bear Market" was probably quite correctly called last week by Brenda Greer.

Regards, Jeff



To: James Marks who wrote (37)9/7/1998 10:25:00 AM
From: Kevin Podsiadlik  Read Replies (1) | Respond to of 939
 
James: Did you mean ALYD instead of ALYA? (Wouldn't want to turn this into another penny stock thread.)

In any case, the biggest caveat about Y2K stocks is, well, Y2K. Justified or not, most of those stocks are trading and will trade on the assumption that the Y2K revenue stream will dry up in 18 to, at the outside, 24 months.


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