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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: westpacific who wrote (96376)4/13/2000 4:24:00 PM
From: $Mogul  Read Replies (2) | Respond to of 108040
 
It is especially interesting that the IMF came out today to say that the US mkt's are overvaued...

One slight blip. lets say a tragic world event at this moment in time would crush this mkt.

ie. Africa is testing missles and lets say misguides and hits China.... (just a example)

No one should be risking the down side here with out a hedge.... the smart investor WAITS for a bottom to be made FIRST. Anyone stating the opposite has no experience in what a Bear Mkt could do, not to say that is coming..but to think you are a hero at this juncture is pure stupidity, even if the Mkt's bounce back tomorrow, which I highly doubt...one must wait.. that is the only logical thing to do if you are truly a Long Term player...you must hedge and wait for the capitulated bottow before going heavy long.

Don't be a hero.



To: westpacific who wrote (96376)4/13/2000 4:26:00 PM
From: swisstrader  Read Replies (1) | Respond to of 108040
 
west: no question, but actually I like the fact that folks are really questioning Greenspan's focus on the mkts...we COULD escape a rate hike if this sentiment (and recent downturn) continues...2 weeks ago, would have, could have should have...1 week ago, too early to buy, too late to sell...this week, too late to sell, but starting to put some cash to work in quality plays and shorting crap or recent runnups.



To: westpacific who wrote (96376)4/13/2000 4:36:00 PM
From: Mike E.  Read Replies (2) | Respond to of 108040
 
If we don't bounce off 3650 (intraday low from last Tues. creating a double bottom) or 3500 (approx. location of the 200 day MA) then I don't think we know where the bottom is.

This close represents a 28.4% correction since the intraday high of 5132 hit on Mar. 10 (I think). 3500 would be 31.8%. Below the 200 day MA would be a bigger breakdown. I don't think we will go below 3500.

IMHO,

Mike