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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: HairBall who wrote (5382)	2/4/1999 8:12:00 PM
From: Richard J. Byrd	Read Replies (2) of 99985

LG: <If you believe what you posted, why do you bother to read this thread?> Hey, Whoah. Its a great thread and I thank you for staring it and keeping it up. It is the tendency of all of us to think things are going to be great when they are great now, and to feel the market is going to keep tanking when it tanks for a couple of days. My point is that for ten years, every prediction of market collapse has been drastically wrong. Buying heavily at every dip for ten years would have brought big profits. Therefore when I see the substantial number of posts on the thread that predict a 2,000 point drop when we lose 200-300 points, I just have to remember how many times I've heard these predictions in the past and every one has been wrong. Can it happen? Can the big BK happen? Of course it can. But so far you've gotten rich if you've ignored those predictions and just bought the dips. Dick

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