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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (23633)5/26/2000 8:06:00 AM
From: Oak Tree  Read Replies (2) | Respond to of 42787
 
I'm trying to get the flavor of opinion. Yesterday all was doom - money leaving the market - charts showing NAZ at 2500. Today, we may be at bottom or just a few days away. Such is the market. I think however the major concern has got to be the loss of income to equity mutuals. How can this be verified? I'm thinking of calling our benefits office and ask if there has been a tendency for people to buy bone and MM instead of equity funds.



To: Gersh Avery who wrote (23633)5/26/2000 9:00:00 AM
From: donald sew  Read Replies (2) | Respond to of 42787
 
Gersh,

>>> Everybody is trying to find or call the bottom. Everybody is trying to buy the dip. Everybody has a dip target. red flag <<<<

Agree. And it just gives me the same impression when everyone was trying to call the TOP, but in REVERSE. And we all know how difficult it was to nail the TOP!!

Im just going to keep it simple by continuing to watch the near-term signs and let those smarter than me to nail the bottom. For now, we are still in a downtrend, but in terms of time are nearing some short of a bottom. Whether it is a short-term or mid-term or long-term bottom, heck if I know.

Gersh, its like - everyone knows that the 2900-3000 range on the NAZ will hold - Im not sure.