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

To: Stcgg who wrote (28996)	10/10/1999 12:58:00 PM
From: Trumptown	Read Replies (3) \| Respond to of 99985

What was the '87 catalyst?...a frothy market with rising interest rates? Does anyone recall the interest rate picture? How does that compare to todays double .25 raise to date...? SR

To: Stcgg who wrote (28996)	10/10/1999 4:15:00 PM
From: OX	Respond to of 99985

That's a very interesting chart. I'm not advocating a buy-and-hold position, but that chart, coupled w/ a longer term view, is sure convincing me to do just that :-). Below is a URL of a log chart for all data bigcharts has on PSE. It looks like that chart and associated text was written around 10/97. If you had followed that warning, you'd be left in the dust while PSE about doubled to now (and that includes the "pounding" you would have taken during 9/98). Perhaps the real "moral" of that chart is to never be total in or out of the market. When the market drops like a rock: buy more. The "trend is your friend, until it's not" and the long term trend is up. "No one (can consistently) buy at the bottom and sell at the top". 216.32.224.100