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To: - who wrote (22035)6/16/1999 12:57:00 PM
From: RDR  Read Replies (2) | Respond to of 27307
 
Yesterday on CNBC they had Mr. KnowItAll (Ralph Acompra - Prudential Securities). They had asked him about the market and CPI etc. His comments were "I have done some technical analysis and these cylicials have been underperforming for last 5-6 years but noticed that when they performing the cycle continues for 2-3 years". Also, he said "Don't get into internets they have along way (down) to go before settling down."

I wonder what was he selling and buying yesterday oops how about today. I think The Street.Com has put this think very correctly as "Big guys have beaten/driven the retail investment folks out of internets over the last week or so (should read as bought some cheap shares for themselves etc." While the retail investors get hold of what happened, the markets would have moved up and they are back to square one.

Let's see how soon can we hear from Henry B or Meeker that Inets have bottomed so time to buy now (Or maybe they are buying these right now...)

Regards,



To: - who wrote (22035)6/16/1999 8:41:00 PM
From: Yamakita  Read Replies (1) | Respond to of 27307
 
**OT** Entrail reading

What a sophist you are. First you claim you can see the future, now you recant and say it really takes ten years to get good at seeing the future.

Your point about the thousands of books out there on TA only underscores mine: if that many people are doing, why don't you hear about the unsurpassed long-term records of the great TA traders? Here's a very simple challenge: name five TA traders who have beat the S&P over a 20-year period. That's double the time that it takes to get good at reading charts. Hell, name just one.

You are the one who needs to wake up my friend. But I suspect that the markets will do your waking for you, when the pitboss finally escorts you to the door.

And by all means take the last word.