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To: Cynic 2005 who wrote (2208)	6/14/1998 12:04:00 PM
From: HH	Read Replies (1) of 86076

You know when people lose real money, it is ugly. I still follow some threads that I have had long positions and recently they have been taking a shellacking. I think most are watching in disbelief as their faves are racheted down. It seems many have been conditioned to expect a snapback. You can almost feel the talking to themselves looking for re-assurance from each other. In a uptrend everyone is talking about trendlines, breakouts, support, triangles. Yet, as stock prices drop to new lows, everyone starts talking about "VALUE". Yet they compare value to what it was last month. The pressure cooker is starting to heat up. If we get another selloff, there is going to be some deeper pain. At some point, the fear will grow and some wild shit could happen. Besides, my puts are looking more and more "sophisticated" -g- HH

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