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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (770)4/4/2000 2:55:00 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 33421
 
I also think this 2:30 rally should be sold... tomorrow will be margin calls all across the board...

GZ



To: John Pitera who wrote (770)4/4/2000 2:56:00 PM
From: Chip McVickar  Read Replies (2) | Respond to of 33421
 
Makes sense.... Then you buy it back at 3:30....?

Only people who made any money today were the large players and program traders.

Public lost big time and they'll stay away for weeks or months...
Just like the Biotech and the BRE-X "Good Times" in Canada.

I've got friends calling me up from their work....looking for advice.
People have congregated around those who trade daily on their computers.....
Work has just stopped to watch.....terrified their life's savings are melting away.

Psychology has changed....... It's all over?

Buy IBM and DNP

Chip

Note:
Some want to sell tomorrow and get out whatever they can....these are hard working folks, with Retirement plans that are going to get reconfigured. Very shortly