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Strategies & Market Trends : Galapagos Islands
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To: AugustWest who wrote (11561)11/6/2002 4:54:33 PM
From: PuddleGlum  Read Replies (1) of 57110
 
You always ask the difficult questions, don't you? Two weeks ago I'd have settled for a 50% retracement, but a 50% retracement from here represents more "carnage" than what I've been anticipating. I won't buy until after I see some stabilization following a drop that is severe enough to put the fear of God into a few bulls. I don't see enough of a safety margin to buying merely after consolidation at current levels.

Tell you what, Auggie, let me take some time out to think some more about it before I spout off and say something I'll regret.
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