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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (60232)	10/9/2000 9:07:15 PM
From: sea_biscuit	Respond to of 99985

In my observation and experience what Magee and Edwards wrote about the typical American investor's unwillingness to take a loss still holds true. That's probably right. It is difficult to sell at a loss. But the urge to reduce one's taxes is a powerful one. How many people take huge mortgages just to avoid paying taxes when in reality, they are paying their money lender as much or 1 1/2 times as much in interest? A whole lot, in my observation. I think we'll see some vigorous tax-loss selling this year. And if it starts feeding on itself, it won't be pretty.