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

To: Original Mad Dog who wrote (776)	4/4/2000 3:45:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

Well Put Mad Dog.... I don't know what people will do with their money...? Most I know are only exposed about 25% to the "techie world" of the Nasdaq anyway...! IMHO....and I am not a pro.... I believe the technical reads of the charts suggest the party is over and a bear market topping activity in the Nasdaq is Now In Place and will reverberate through other markets.... People...the general public, are going to be less tolerant of risk for some time to come. Wall Street Journal is already printing articles about the next recession in Silicone Valley and how the venture capital is drying up for start up Internet folks. The psychology has changed.... Atleast for the foreseeable future....general public probably won't return before the Fall buying season. We're going into the summer doldrums..... a wee bit early this year. What's happening in the Indexes this late (3:00) afternoon is all about professional traders.....they are window dressing. The general public will get out over the next few weeks. Chip [BTW these are opinions.... not trading tips]