Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (94186)	7/13/2002 9:40:36 PM
From: Shtirlitz	Read Replies (1) of 99280

Everyone I know bought the dip/covered and is waiting for a bounce. At the same time my brother in law calls me and asks me what he should do with the mutual funds where he has money put away for kids college and that are down more then 50% from the peak. The neckline you mentioned concerns only very few ppl, the rest are still betting on a bounce/rally. I also love to listen mutual fund managers that come out on CNBC and proudly say that they are FULLY INVESTED, have no cash and waiting for a pie to fall from the sky in the form of second half recovery. It is not uncommon that after breaking the neckline market rallies back to it before the final break comes but frankly I don't see any rallies of any significant magnitude any time soon.

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