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Non-Tech : Invest / LTD

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To: The Perfect Hedge who wrote (3253)9/23/1998 7:50:00 PM
From: Lucretius  Read Replies (1) of 14427
 
WOW! 10 messages! been gone all afternoon.

you made the right call Beebs NKE and that GTW trash aren't going anywhere even if the mkt rallies the next 2 days. We could run a little higher, but today's rally only convinces me that the coming downdraft is going to be that much worse. I was looking for a top today, but today's rise leads me to belive there's a little higher to go for the mkt (2 or 3 days max). This rally will make my dump target even lower!!! Yippie! I think we may blow thru 4000 in Oct instead of the 5300 to 5600 which was my original target. People were tripping over themselves to buy the same 'ole trash... internuts, and DELL. Obviously the bulls think there's nothing to worry about and let's buy buy buy. That means psychology is hardly as negative as I thought it was so we have alot farther down to go on this leg. I'd like to see us rally into Fri just so we can suck in a few more bulls and convince some more shorts to cover (although LOTS covered today and yesterday already)

-Lucretius
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