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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: VanScott who wrote (19649)	1/28/2000 10:25:00 PM
From: bobkansas	Read Replies (1) \| Respond to of 57584

Next week will be interesting to say the least. I have been reading the James Dines 2000 issue of his newsletter. I subscribe to his service and his articles, etc. are very informative as to the mass psychology of fear and greed. (I think RANDE IS puts into practice the use of mass psychology better than any investor or trader I know of) Dines has a saying I really like to read over and over in times like these: "The elevator doesn't go down until it's full." Looking at the market (even at it's best in January), I do not see that the stock market elevator was full. IMO, the market can and will go up higher [perhaps as early as next week] although Monday trading might be another "elimination of weak hands" type of day. As of tonight, my retirement port. is down 4 percent for this year and my taxable port. (which is much, much smaller) is still up about 20 percent. I likely own way too many stocks in my retirement port. but I don't get tempted to sell any of my holdings when the market as a whole runs south for a while. What is also strange at the moment is that my overall port was down 75 grand worse than it is right now by the end of the first week in January. Yet, the media talking heads, etc. act like this Friday was the begining of the end of the world. Heck, I for one am much better off money wise than I was on Jan. 7th. If I had listened to AND followed the misc. advice (junk) contained on CNBC, etc. I would be broke by now! Thank God for the internet with threads like this (and others) where sanity prevails among the individual investor/trader. Best regards to all, BOB