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Holey Moley!
With all due respect,
For people in this for the long term who cares? Is anyone going to
adjust their whole portfolio on the basis of what "irrational
pessimism" that I read upon my return.
I can flip a coin and be right as often as the TA here has been right
about various markets.
This market abounds with opportunity...some long and some short.
Fundamentals are getting sounder for a lot of stocks. Buy
Fundamentals are strong in several commodities. BUY
Where the opposite is true, just Sell.
Where the technicals agree with the fundamentals, play it accordingly.
The longer I keep an open mind, the more money I have been able to
make.
How about a little balance in the market posts...when it gets so one
sided I think there is a good chance that the majority can be wrong.
Shared with impartiality,
John
------------------ Reply Separator --------------------
Originally From: delta88343@xxxxxxx
Subject: Re: [RT] short term top
Date: 10/19/2002 06:20pm
In a message dated 10/19/02 5:06:19 PM Eastern Daylight Time,
prosys@xxxxxxxxxxxxxxxx writes:
>
> So, this is what you are saying ?(attached)
> We could get back to the August highs then in a "C" wave move ?
> This definitely has some merit. Frustrate the shorts, suck-in the
longs.
>
> What I'm refering to on the chart is that we are going to decline
into the
vicinity of 11/11. The strength and duration of that decline could
tell alot
of what will happen thereafter based on what cycles exist beyond that
point.
Because we have a cluster of 3cycle lows in close proximity, I would
not be
surprised if it's a strong move.
We have recieved some good earning news. It was a good reason for
some
buying...now that the market is propped up a bit, it's a good reason
to
sell...We'll see. It's a volitile market period.
We have however retraced over 50% of the move from 8/22 to 10/10.
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