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

To: Stcgg who wrote (44804)	4/3/2000 9:54:00 PM
From: pater tenebrarum	Respond to of 99985

yep, it has a low float too...if the market turns up again it may be worth playing. however, there are wave counts out there that differ markedly from yours...as per usual, as many counts as counters i suppose. regards, hb

To: Stcgg who wrote (44804)	4/3/2000 11:26:00 PM
From: Fun-da-Mental#1	Read Replies (2) \| Respond to of 99985

Stcgg: "Bears are Bulls at Heart" - Wow! Now I've seen everything. I thought people were surprisingly complacent about this 8% down day for the Nasdaq, and this really confirms it for me. The number of posts on this thread was maybe a little higher than usual, but nothing special, and the tone has been pretty calm. I've seen more fear a few times before in the past year. Why the calm? Is it because the Dow has gone up? I seem to remember a month ago nobody cared about the Dow dropping because it was Ye Olde Economie, obviously irrelevant, all hopes were pinned on tech. Now tech "was due for a correction". The Dow represents true value. Also there's the fatigue factor. There used to be regular talk about a crash on this thread (yes, that was me!), then the topic got tired, and now it's only a memory. Memories, memories. The COMP has now dropped 18% from its high, not as much as it dropped in 1998, but it's getting there. I seem to remember more concern at that time. Some people considered the Nasdaq overvalued at 2000. Was it? Most people now would say not. Is that a more objective perspective? I know I'm less worried than I used to be. I went mostly to cash a couple of times and wasted a lot of money on puts, but now I'm staying long, I just rotate from one sector to another. Is that a wiser perspective? We now have people on this thread saying (in effect) that market direction doesn't matter anyway, it's all a question of picking the right stocks. I've been having that thought myself. We've got a bad case of market direction fatigue. And by the way Stcgg, if this is the bottom, "end of wave 5 down", is this what you were making such a fuss warning us about? Have the clowns been destroyed? Is it time to dance on their graves, or are they already just a vague memory? Fun-da-Mental