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  <font
 color="#660033">Technical Market Terminology Tutorial
 
  
   
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"It's a dead-cat bounce":
Believe me, there is no     justification for this rally.
      
   
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        <font
 face="Book Antiqua, Times New Roman, Times">"The market is in a narrow
trading range": Prices aren't     jumping around as much as usual, and
nobody can figure out why.   
      
      
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 src=""
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        <font
 face="Book Antiqua, Times New Roman, Times">"Bonds retreated on bearish
comments from the Fed": Once     again, nobody understood what Alan Greenspan
said. But why else could bonds     have fallen?   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We're near-term cautious
but long-term optimistic":     Don't blame us if the market tanks.  

      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"The stock market was down
on technical factors": We have     no idea why shares fell.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"The market fell on heavy
selling by mutual funds": We     still have no idea why the market fell.
But everybody knows small investors     are stupid, right?   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"The trend is your friend":
Stocks have been going up.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"Trees don't grow to the
sky": Stocks stopped going up.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"The market is looking a
little extended": We're dumping     everything.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"Don't miss this compelling
opportunity": I need the     commission.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"The market climbs a wall
of worry": Sure, it is tough to     be blasé about rising oil prices,
climbing interest rates and Middle East     tensions. But I really, really
need the commission.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"It isn't a loss until you
sell it": You took a bath in     the stock, but let's ignore it, and
maybe it will go away.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"Focus on total return":
Please, please, please don't     notice the fund's outrageously high expenses. 
  
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"It's cheap on a relative
basis": It is pretty darn     expensive, but other folks own stuff that
is even more ridiculously priced.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"It's fairly valued":
If the stock climbs a few more     bucks, we're unloading this puppy.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We've got some great values
in our portfolio": Our     stocks have been massacred.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We buy growth at a reasonable
price": We're holding our     noses and paying up for some pretty expensive
stocks.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We're long-term investors":
The stock tanked, but we are     hanging on, hoping to break even.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We think the stock is a
potential buyout candidate": I     sure hope some corporate raider is
reading this.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"The stock's oversold":
We never imagined the shares     could fall this far.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"Nobody ever went broke taking
profits": We bought the     stock at $16, sold it at $32, and two weeks
later it hit $114.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"The company's quarterly
earnings beat expectations": The     chief financial officer sandbagged
analysts.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We've researched this company
thoroughly": Here's what     we heard from the company's vice president
of investor relations.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We're fundamental investors":
We listen to the chief     executive's sales pitch.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We're technical investors":
We skip the sales pitch and     pull out the Ouija board.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We buy companies, not pieces
of paper": I majored in     philosophy.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"Our strength is evaluating
corporate management": We     play a lot of golf.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"The company has solid fundamentals":
It is a shame the     shares are so absurdly overvalued.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"It's a New Economy stock":
Don't even bother asking     about earnings.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We rate the stock a strong
buy": We need the company's     investment-banking business.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We consider the stock attractive
long-term": The next     year is going to be rough.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We rate the stock a hold":
For goodness sake, dump your     shares.   
      
      
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        <font
 face="Book Antiqua, Times New Roman, Times">"We rate it a sell":
I'm hoping to get the     early-retirement package.