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To: Eric Wells who wrote (80818)	10/16/1999 11:03:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

"And if so many stocks are below those moving averages, then it is likely most investors who own those stocks are looking to sell into rallies. How many times have you bought a stock, watched it drop, and said a little prayer, "Please get me back to even"? But the stock keeps going down. So eventually you can't take the pain anymore and you sell; you eventually throw in the towel and say, "Hit the bid and get me out." That's the sort of selling that's missing from this market; it's what cleans out the sellers. Currently, we are still in the phase of praying to get even, which is why the rallies are so stinko." Eric, This is not consistant with the next paragraph. "As we begin to approach year-end, it occurs to me that I haven't heard anyone chatting about tax-loss selling. It has been a lousy year for most stocks, similar to 1994 in many respects, and the tax-loss selling that took place in November of that year was difficult for the market at best. For that reason, I suspect some sort of tax-loss selling awaits this market between now and year-end." If one does not have gains as mentioned above, why the need to sell for a tax loss? Glenn