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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (23990)8/11/1998 9:42:00 PM
From: Monty Lenard  Read Replies (1) of 94695
 
I would be careful buying dips right here. The trend is your friend and the trend is now down.

Oversoldness in a bear market, means much less than overboughtness in a bull market.


Hi BB, Overboughtness in the bull market didn't mean a whole lot either. Just look a the internut stocks along with some others.:-)) I think the cat is out of the bag. Someone in the last day or so posted about all the cash that has been accumulated and that it was ready to go into the market. I don't think we will see that money for a while.

This puppy is terminal.

Monty
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