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Strategies & Market Trends : The Amateur Traders Corner

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To: Frederick Langford who wrote (13276)	8/31/2001 9:25:00 AM
From: Paul A	Read Replies (2) of 19633

You know what has me thinking.. Last Friday it was impossible to find a bear anywhere on s/i for the most part.. Now every average joe/tea leaf reader is justifying their bad speculation and now we are instantly heading down to 1600 on the nasdaq.. Nothing has really changed in the last 6 months from where I sit.. Not that I dont think we are going make new lows here eventually, but I doubt its going to happen in a day or two just so the technical people can say 'gee, we capitulated and now we can go long again' I read a post on Randes thread from Rande regarding shorts and how we are destroying America or something to that effect.. oy... perhaps people should learn how to manage their finances and stop buying cars and houses they cant possibly afford.. not to mention all the banks lending money to every tom dick harry who wanted to start a business over the last 5 years.. We have turned into pigs in AMerica and now we are reaping those rewards.. In the long run, this is far from over considering the debt that most people are carrying and the lack of savings.. : (

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