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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (12483)	3/15/2000 12:34:00 PM
From: drsvelte	Read Replies (2) \| Respond to of 14427

Fear, yes! Buying Into the Pain By James J. Cramer 3/15/00 12:18 PM ET Click here for the latest from James J. Cramer. So far it is still textbook. We have the failed opening rally which brings in a lot of suckers. We then have the whoosh down which is frightening, but not horrifying. Then we have the creep back up where traders sell because they have the, "Get me back to even and I promise I will never do this again." That's followed by the big whoosh, the real killer, the one that takes your breath away, where the NDX touches its low or takes it out and everybody feels just plain awful. That's the moment we just came through. That's the intra-day capitulation that has to be bought. That's where we committed the rest of the money we raised from the bogus opening. Why does this moment seem right? First, the Dow emboldens the Nasdaq. Second, the Nasdaq being down 10% brings in fresh money that is unbloodied by the fiasco opening. Third, nauseating buys work. Still, those margined players keep us from committing any more than what we sold this morning. Need to keep the reserve ready for the margined players who get clipped at 3 p.m. These days are long.