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Date Posted: 22:09:41 06/01/00 Thu
Author: Marty
Subject: Not.
In reply to: Patty 's message, "Do you guys think that this rally is the real deal" on 08:23:23 06/01/00 Thu

been two thirds cash the last few days, mainly because I dont trust that this is the real deal. I base this opinion on the nas chart. If it were a stock, I would think it could fill into the mid to upper 2000 area before it turns around. The chart is in a down trend like a mail dot com. I think the bottom will be soon, or we nearly touch it at 3050, but the wave sizes on downtrend always have that pop up before the next fade. Too much interest, I see too many companies reporting realy good but not as great in the past on their revs, indicating economic slowdown. Although slow down is good, the downside is that revs and growth suffer a little. Kinda like the brokerage stocks. They do great with a lot of volume but when the volume slides off profits are hit. I still love the telecoms though. Rbak has been wonderful to me, but always out too soon. Tlxs, yummy as well as Rnwk, Efnt, and Ntap and extr. Those are my favoritess to play right now-and bout. All are giving great trading for swing, the trick is patients and dont get out too soon. Fed meetings acoming, two of them. Last year under better conditions, the nas corrected from now until mid June then again on the typical sluggish volume of August. Beware of investing on these highs. Measure the lengths of the waves, for I think if you look, this one is tapped out adn peaking.

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