Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 187.42

-1.5%

10:43 AM EST

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To: ajtj99 who wrote (45625)	8/9/2001 5:16:42 AM
From: LTK007	Read Replies (1) of 56535

aj said<<clear as in higher levels since we have not spent much time in the 1600-1900 range over the last 3-years>>. that is the key to why 1900 to 1600 range is a a weak support zone is for exactly the reason you state--we have spent very little time there,and the from a bull's view this really is more shaky because those who were pre 1999 buyers who did NOT sell the first time we headed for lows,may,on second time cash out. The single greatest factor that need happen to have capitulation is to have the funds hit by redemptions by people who have been holding for 10years or more---funds can't hold up a market when redemption calls get too heavy. we are objectively in a high stress zone below 1924. The talking heads will increase to a scream level that buy and hold until you are near dead or dead, is the only way--preaching that investors who sell only get burned. I am hearing of more and more cases of another group that are holding,that be those that bought post 1999,of which many are so under water they can't bear the loss--these are less likely to sell,as they cling to hope desperately--but they are very vulnerable to being forced to sell,however.Max

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