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Non-Tech : Invest / LTD

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To: The Perfect Hedge who wrote (3575)	10/1/1998 12:12:00 AM
From: Lucretius	Read Replies (2) of 14427

shame on you for those bullish comments (G) Yea, We could bounce a little tomorrow, who knows? That's why I have just satyed PUT since the 3rd week in July. i'll sell when I think we've seen ROCK bottom. Till then... I'll just roll w/ the bulls' wimpy punches till I get my window for the knockout. BTW- just so you'll see it coming... I expect many of the techincal indicators such as TRIN etc, to stay oversold for a couple weeks when we actually begin crashing... (beg next week IMO) That's the nature of a crash. It is a panic move where there is alot of forced selling. We need to unravel alort of leverage that has been used for the last 8 years. If it was as easy as selling short everytime the TRIN was overbought, we'd all be millionares. The MOST damage can occur when we are oversold. I also expect new highs to push up w/ new lows as we drop towards 7400, so don't let that scare you either. The fact that fools are willing to run stocks to new highs tells you that people aren't really scared and makes the case for a crash even better. this will likely be a false indicator that leads many to believe that thngs are bottoming, but they won't. DON'T BE FOOLED. -Lucretius

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