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Politics : High Tolerance Plasticity

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To: upanddown who wrote (1508)	3/13/2001 6:05:15 PM
From: kodiak_bull	Read Replies (5) of 23153

John T: Re: Cramer "Would put more credence in the guy if he had been as loud and insistent at 5000 or 4000 or 3000 rather than when the the NAZ enters its biggest bear ever." Exactly. Whatever you can say about Naz 1923 (yesterday) and Naz 2014 (today), it's a lot better buying level than we've seen for 2+ years. As per my percentage list I posted a while ago, I stick with it. Short term (4-5 weeks) we have a 10 percent chance of seeing 1500, 20 percent chance of seeing 1800 (whew that was close yesterday!), a 25% chance that we'll stay at 2200 and south, a 35% chance we'll retrace to 2500, only a 10% chance we'll see 3000 this go-round, and a zero chance of visiting 3500. The question every wise investor has to ask himself is, why is it so hard to buy ORCL in the 15's when it was so easy to buy it in the 30's? This is not a rhetorical question, but rather a Zen koan. Why is it so appealing to listen to Prudentbears, etc. when the Naz is at 1923 than it was when the Naz was at 3278? Kb

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