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To: lin luo who wrote (143683)	10/4/1999 11:23:00 AM
From: edamo	Read Replies (1) \| Respond to of 176387

lin luo....ot ot thanks.."memory, no memory" short term movement has little or no memory, moves in direction of news events or psychology. long term a bit more based on fundamentals, but not as much emphasis as before. believe due to massive liquidity in the global markets, they have evolved into a series of short term markets. my opinion you will not see traditional bull/bear market cycles...more rapid reversals. education comes in many forms.....formal no more valuable then informal! good luck, ed a