Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (3412)	10/6/1998 5:51:00 AM
From: valueminded	Read Replies (1) of 4634

Bill: <One of those little contrarian indicators I love so dearly...> Give me a break, We are not even close to having contrarian indicators yet. Contrarian indicators in a bear market are when your friends tell you they are pulling out / staying out of the market. Most of my aquantances say do not worry about it, whether they are in for the long (10+ years) or short (0-2 years). My aquantances say, the market always makes new highs and this "bear market" is almost over and we are ready to make new highs again. Short term predictions are tough but IMO, this market is toast. I will begin increasing long positions around DOW 5000-6000. In terms of the semiconductor industry, and believing in the equipment makers, I agree that there will be value there. I just prefer to get my first buyin at the muuuch lower prices which will be available.

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