MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (14565)	9/12/2002 2:43:55 AM
From: macavity	Read Replies (1) of 19219

Dont wait - Litigate. Scary thought, no cash reserves. Does not feel like a bottom to me. The same reserves that they had 2 1/2 yrs ago? That would be Mar2000, wouldn't it. So this may be an all-time classic Retrace-To-The-Mother-Off-All-Necklines. These fund managers are going to be sued. If you can sue McDonalds for getting you fat, then you can sue Fidelity/Janus for losing your money. It wont be hard to prove incompetence. All you need to show is that these jokers did not have a plan. That in my books is incompetence. "So what were your plans, in case your theory was proved wrong? I presume you had a plan?" - Lawyer for the prosecution any of: "Doh! What plan!" "Buy more and average down!" "Squeeze those &%## shorts!" "Pray!" I think the single sector guys may be better off, but any generalised fund is going to be starring in a courtroom very soon. And they will have to sell stock to pay for the lawyers. If the hourly trend turns down from here we go back to $SPX=875 then 830 then 775 (IMO). MSFT was not good. -macavity

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