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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: StockOperator who wrote (37732)7/8/2002 6:09:14 PM
From: Terry Whitman  Read Replies (1) of 52237
 
Yes. Perception is everything. But technically- there are some major support levels right beneath the market.

The time to be fearful was in 1999 and 2000. I was screaming at the top of my lungs to anyone who would listen that the market was headed for disaster.

Disaster struck. And it struck again.

NOW, everyone wants to listen to the bears and the doomsayers. Meanwhile, I have been yelling that you need to look for buys here, not sells. Ironically, no one is listening now either.

Will I be correct? albeit somewhat early (like the top side). Time will tell. Maybe it does get much worse before it gets better. Maybe the economy IS on the verge of a depressionary collapse. I'd like to think not- because the world would be a much crueler, more vicious place in that event.

It's a gamble to buy here, sure. It's always a gamble. Not nearly the gamble that people took buying 2-3 years ago, though. I'm betting on history repeating itself (see previous late 20's bubble and then the 1932 lows). Things may be better than they appear to be here.

The bears have control until they don't- I'll give you that. Here's hoping we don't go to 65% UNDERvalued.

BTW- What's MANH? Never heard of it.
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