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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: Compadre who wrote (341)4/11/1999 10:22:00 PM
From: Skipperr   of 2103
 
Hi Jaime - In all honesty, and you know this, no one knows the future. All we can do is deal in probabilities. You saw the put/call data, you know the %Bulls/%Bears, you know how much money is coming in to the markets, and with the demographics expanding, there's more to come.

If you're long in mutual funds, you can only make one of three decisions: Sell, hold, or buy more. If you buy or sell, you can't do it until the close tomorrow. If it gets so bad that you'll do anything to just sell and get out, that's more than likely when you should be buying. Remember, buy when there's blood in the streets!

Also, realize that the pro's want to hammer this market down, They can't buy lower if there's no bad news -and- they're going to hammer it for all its worth and milk it for everything they can. But, once it turns back up, they're behind the curve again trying to catch up to get more fully invested again because they know new money just keeps coming in. Fear and Greed.....

Have your plan, stay with it, believe in yourself, and stay tough. It will pay off for you in the long run.....

Last I checked, Globex NSD100 was down -47.50, about 2.1%.

Good luck! Skipperr

PS - Check this out:
Message 8844106
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