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


To: john722 who wrote (36356)9/26/2000 12:07:27 PM
From: Rande Is  Read Replies (4) | Respond to of 57584
 
Texas Instruments crossing $50! Going the way of WCOM? Lucent? ATT? INTC?

This wash and rinse is important. Before the markets move up. . . the street must first be sure that the minimum number of individual investors are still holding their stock. . . and are actually afraid to hold anything. THAT is when we could see a series of sharp moves north. . . .leaving as many individual investors behind as possible.

This is exactly what happened last mid-to-late-October. Remember my "Bull Train Leaving the Station" post on the morning of October 28th?

I am thinking that we will stay in this trading range until Monday, when the REAL BIG BUCKS PLAYERS get back from vacation [historically]. . .and the volume increases dramatically. So I am jockeying for the the best hand of stocks to hold for then.

The bad news is that when they do arrive, they often short heavily. . . which could cause another 4DML or even another compounded 4DML like we saw in September [remember 4DMLs require a surge and a gap up]. . . with the real rally off the bottom or end of that squeeze. . . when investors are absolutely sick of the volatility and just plain want OUT! That will be the signal that the coast is clear and it is "OK to rally."

Rande Is