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To: AllansAlias who wrote (26798)10/11/2000 11:55:39 AM
From: chic_hearne  Respond to of 436258
 
This is the baby that is formed off 1994 to 1996 and held in 1998. it would really surprise me to see this fall on the first test

Agreed. For a few reasons. I've been running some scenarios through my head and I don't think the conditions are right. We need a good sucker rally, maybe a few of them.

One of the problems with April was there was too much coin on the sidelines and no FEAR of buying the dip. A few sucker rallies to tie up that extra cash is needed. Also, I think it's in the bear's best interest that the average guy gets burned a few times so that he gets a little FEAR. Who knows... hindsight will be 20/20 (maybe)....

That said, I'll never be caught without a back pocket full of poots in case the biggie happens when least expected.



To: AllansAlias who wrote (26798)10/11/2000 12:06:13 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<This is the baby that is formed off 1994 to 1996 and held in 1998>

I like to think of it this way if you want to go back... if we give up 3 years worth of gains [good correction] the SPX will be around 640! HO HO HO Put that in the old gonkulator!

DAK