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In a message dated 6/21/00 1:57:45 PM Pacific Daylight Time,
citadel@xxxxxxxxxxxx writes:
> if all of a sudden most of us have and expectation that dow
> will go to 12000, it will.
This is just not true. Most who bought or held the NDX above
4000 or 4500 in February and March thought it was going higher, not
down under 3000. It is a well documented that markets frequently
reach extremes in sentiment at tops and bottoms. Commodities
markets often see 90% bulls near tops and 10% bulls near bottoms.
>same about fib levels.
> that's how it works.
Glad to hear you know "how it works." Please post where and when the next
1000 point move in the NDX will likely be. Or at least give us a hint.
Bill Wynne
TradeWynne@xxxxxxxxxxxxxxx
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