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


To: prophet_often who wrote (23448)4/6/2000 3:14:00 AM
From: Tradelite  Read Replies (1) | Respond to of 57584
 
prophet often.....the info I'm getting from technical analysis experts conforms to the post you mentioned. This market has another shock wave coming. The first one didn't get me too badly, because I wasn't holding the most vulnerable stocks.

The next wave does have a chance of cleaning my clock if I'm still holding my favorite stocks, because when *they clean house, they usually manage to get everybody.* I will never forget that quote, which was penned by the founder and publisher of Investors' Business Daily.

In fact, there is a corollary in my industry, which is real estate. For example, I'd like to have a nickel for every occasion in which someone said (in so many words, paraphrased), "Well, the market may be down, but my house and my neighborhood are so nice that my house will definitely sell quickly, and I want to overprice it by $50,000."

When the real estate market is really down, as it was during the early to mid-1990s, the seller of a "really nice house" has to bring money to settlement to pay off his loan, just like the guy who doesn't own such a nice house, if he paid too much for the house in the beginning because of a speculative bubble in the marketplace.



To: prophet_often who wrote (23448)4/6/2000 4:58:00 AM
From: sparky  Read Replies (2) | Respond to of 57584
 
Thank you very much for that post and the Clear Station reference. I read ALL the posts here on Rande's thread and the many references to MACD and stockastics but did not know where you all got the information and quite frankly felt you probably had many years of training/education to have this knowledge (which you probably do) however now I will try and educate myself more, now knowing about this website availability. What a group of NEAT people to educate individuals like myself - this is FUN and profitable!