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Politics : Idea Of The Day
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To: megazoo who wrote (31272)4/22/2000 11:28:00 PM
From: edward miller   of 50167
 
Very simplistic argument. This time the selling pressure
was intense - beyond anything seen since 1998 (and then
AG lowered rates to help turn things around).

The reason for the retest is that the selling pressure and
all the technical indicators point to more selling. Those
tiny, mostly intraday "corrections" were nothing like this.

Of course this does not include the fact that people are
finally waking up to the overvaluation story. This makes
smart people think about buying before jumping in.
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