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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: JZGalt who wrote (5496)9/1/1998 4:22:00 AM
From: Bruce A. Bowman  Read Replies (2) of 18928
 
Hi Dave-

Couple thoughts...

- a broker interviewed on KCBS (our local CBS all news station) was sounding very bullish with the big correction. "Lots of great buys out there right now!" Anyone remotely inclined toward contrarian thinking should realize we're in for more since brokers are always supposed to be wrong at a point like this.

- I would hate it if Robt. Prechter were right! :-) (For the unanointed, Prechter is the Elliott Wave theorist who wrote "At the Crest of the Tidal Wave" which is his global meltdown scenario. He projects a Dow of 400 at the bottom. <http://www.elliottwave.com/books/AttheCrest.htm>)

Bruce
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