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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 25 4:00 PM EST

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To: American Spirit who wrote (78606)	6/14/2001 9:34:10 AM
From: eichler	Read Replies (2) of 99985

A.S., Actually, it is a well-known if not successful strategy to fade the crowd. Buying when the herd is selling, selling when the herd is buying. Timing, however might be a mighty consideration. Oversold can get more oversold. Sometimes, the herd stampedes and price can tumble more than expected. I'm not saying the market will crash on you here and now, only that while what you did yesterday may prove "smart", it may also relegate you to the position of "bag-holder" for a time. Hopefully, your "american spirit" optimism won't backfire on you here. <Don't see much downside> But, as you don't use charts, how would you "see" the downside from here anyway? Regards, Eichler

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