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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Kracko who wrote (6792)9/28/2000 11:49:29 AM
From: couldawoulda  Respond to of 100058
 
Kracko -

I've been hearing the exact opposite now for the past month. CNBC has had guest analysts on that state unequivocally the market is heading down. To their credit, they have been correct thus far, however, I am using the current period to invest in select stocks that have been beaten down - NT, LU, FDRY, INTC. To me, this is the contrary indicator necessary for the markets to touch bottom and turn around.



To: Kracko who wrote (6792)9/29/2000 1:55:46 AM
From: Drbob512  Respond to of 100058
 
Kracko: You might be right, anything is possible, and I would like the investment advisors to go below 50% at least, but the put/call ratio is not bad when it is as high as .71, although I have a lower figure for it now.

Sometimes the consensus is right, especially when it follows a bear market...


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