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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (182)	8/14/1997 11:33:00 AM
From: Rarebird	of 5676

Bob, don't become a prisoner of your own profound convictions. James Stack is a very smart and a profound guy who is very well-thought out and been very bearish since Dow 4000. He has lost a fortune and many subscribers. Pesrsonally, I agree with you, but I think your too early. Be more open and flexible. Things can go alot higher before your scenario plays out. There are plenty of fully invested bears in this market. Like my SEG, up 2 today. Bought in at 35. Now that is a cheap stock that has been crushed. I see 60's once it comes back into favor. Be careful. I do options also once in a while, but only when a technical breakout has just occurred.S@P 916 is 50 day moving average support. 951 is resistance. A break below 916 translates into S@P 900 at least. We are trading in very well defined parameter here. It's a stock pickers market, long and short.

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