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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.31

-1.1%

Nov 6 4:00 PM EST

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To: Benkea who wrote (41006)	2/23/2000 1:55:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 99985

Benkea: I agree. Last October, The "Urban Survival" site was making progressively dire predictions, the most dire of which was in fact the day IBM blamed slowing sales of mainframes on Y2K. The market went up starting the very next day, but I unfortunately panicked, partly because I fell victim to my own shortsighted emotions, fueled by "Crazy George". I now realize that no decline is large enough to satisfy the most rabidly bearish: If the Dow breaks 10K, the "Crazy Georges" of the universe will predict a lower target, etc. These prognosticators thrive on excessive predictions, and I see little difference between "Crazy George" and "Crazy Blodgett". At times they both seem onto something, but stocks never go the same direction forever.

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