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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (25250)	9/8/1999 3:29:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Matt: Sorry to disagree with you, but...from the intraday high at the top of the runup before the correction to the intraday lows at the bottom. NYA dropped 23% (July to Oct 98) COMPX dropped 33% (July to Oct 98) RUT dropped 38% (April to Oct 98) I will not post the Dow 30 as that will depend on weather you are using actual or theoretical data. Your numbers were a little high...<g> Regards, LG

To: Matthew L. Jones who wrote (25250)	9/8/1999 3:30:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Matt, i agree...although the buy-and-hold strategy, at least with regards to the big caps once again proved to be quite rewarding for investors in the end. of course, selling in July and buying in October was even better. however, i believe that the market's extremely quick recoveries after the '97 and '98 wobbles may have instilled a mistaken belief in investors that this is how it will always work. the Japanese example however proves that buy and hold does NOT always work. regards, hb