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To: GST who wrote (72260)	8/5/1999 6:59:00 PM
From: Tradegod	Respond to of 164684

GST, your right. Yesterday, I was "strong like bull" buying the dips. Today, I got defensive. The mistake was not selling, the mistake was not buying back. 13 of the 16 points it was up today came in the last hour. Fear definitely shifted to the shorts. I tend to agree its not smooth sailing ahead. I just wanted to be in on the bounce. Oh well

To: GST who wrote (72260)	8/5/1999 8:55:00 PM
From: Paul Merriwether	Respond to of 164684

gst was that you who used to "feed the sharks" as well? Those were some eerie posts! i got this feeling of deja vous all over again, when I read your chicken feeding post. Maybe the FUD of the past week's been getting to me..

To: GST who wrote (72260)	8/6/1999 12:40:00 PM
From: Sabrejet	Respond to of 164684

Good analogy GST! re: chickens. Traders and investors have to some how learn that there are bounces and reversals. The two are quite different. Bounces are somewhat psychological and quite emotional. Reversals are purely technical and often "missed" by the average trader. I often target the market leaders and examine their behavior on days like yesterday. INTC for example lost out yesterday. Among others, that further supported the fact that traders were moving this market and not investors. They jumped out of INTC and right into the nets early on. It's just a minor observation but quite accurate. Examine October of last year and you'll see ALL stocks on the NAZ moved lock step with the index. When it "reversed" ALL moved up. Yesterday was quite obvious and I feel for those who bought late in the day for the long haul. Many news agencies exclaimed "reversal"!!! Not even close. Sabre!