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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (13858)	9/19/2001 4:07:24 PM
From: AllansAlias	Read Replies (1) of 209892

Yours is the second comment I have read to that effect. Realize that I have only been back for 45 minutes and this was one of the first questions I had -- "Are people still looking for bargains here?" I am surprised to hear that they are. This is no time to be stepping in front of the train. It's just plain wrong-thinking. It matters not to me what brings a chart out of a 2 year range, only that it broke down. IMO, one does not toy with such a thing. Those who do not see the continued risk to the downside, and we've been talking about it before the terrible events of last Tuesday, do not have the requisite respect for the enormity of the bubble that we had built. It will take much more time and many more declines for it to unwind. Of course, in there will be some wonderful rallies, but this is not a time to be betting on one.

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