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Technology Stocks : AUTOHOME, Inc

ATHM 23.46

-1.2%

Dec 2 3:59 PM EST

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To: Jing Qian who wrote (14000)	8/11/1999 12:51:00 AM
From: ahhaha	Read Replies (2) of 29970

You're quite correct. This is the resignation phase of price psychology. We haven't gotten to the "oh my god" give up phase. Today the stock and the market bounced without climax. It means another bear market rally. That's the way of the bear. The rally will get people all jacked up because memories are short and greed is still strong. There isn't the slightest concern that something evil this way comes. Thus, the stock market hasn't even begun to fall. The up side action is driven by short sellers who have finally been able to see that the market has dropped like a rock. They wouldn't believe me so many weeks ago telling everyone that we are in a translation. I only had the data. The data said we are going into a identical move like last year. The parallel was astonishing. No one said a word. They would have believed it if Ralph and Abby said it because they are important qualified professionals. CNBC is notorious for being quiet while the market is translating. That's true of the most astute pros in the business, because they don't know what is happening. They expected in this down side each day the market would reverse. That's the best that expensive "talent" can do. This hasn't changed in the 30 years I've been a pro. They're all useless when the it's time to act. The reason is that they are gutless and they don't understand what is going on. They get paid for showing up and parading around like they know something. All they have is the whisper circuit. By the time you act on that you're bagged. I want to emphasize that that is the best that money can buy and so big hot shot money is no better at the market than the fool public. It is the greatest temptation to believe there is some guy up in a glass and steel tower controlling all these things. It is totally false. There was a clown today on this thread making such a comment. When we get to the give - up phase the evil will be more clear. Then people will have a reason to sell. First though they have to be dragged back in and set up for more pain. This process is compliments of the Federal Reserve. They have a mission to do good to the world and it is your duty to go along with it. Otherwise, you wouldn't get those great elating bull markets and the horrendous crushing bear markets. You'd just get business as usual and what fun would there be in that?

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