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Strategies & Market Trends : NetCurrents NTCS

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To: AllansAlias who wrote (6283)	3/18/2001 5:02:57 PM
From: Michael Watkins	Read Replies (1) of 8925

I believe that there is a decent chance that we are beginning a correction and bear market that could rival the great ones of all time. If prior excess is any indication, then we are certainly setup for this. That's basically where I am coming from. I get this sense that there's a belief that the non-tech S&P names can't possibly suffer a similar fate as tech has. Many charts are suggesting otherwise, and certainly the SPX itself is yelling a cautionary tale right now. But at the same time - like you - I'll just trade what is in front of me. Mind you, for the longest time that has meant stand aside on the long side and prepare for selling. I don't think anyone I've read on this thread yet is a 'perma bull or bear' and that is good - it never pays to be dogmatic, as perma bulls and many tech investors have learned, and as perma bears will one day learn. I noted International Grandmaster's post a few down the road and am happy to learn that IGM is also well grounded. Its terrific to see a great group of people coming together here.

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