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

To: donald sew who wrote (33398)10/18/2000 10:19:43 AM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
If we close here, we have a higher close on the COMPX and a lower close on the INDU.

I called the bottom all the way down in '98. <ggg> I thought the economic fundamentals were too strong for the market to tank big-time then. I unfortunately do not feel that way this time, but at least this is an old-fashioned bear market, which the Fed can handle. Panic is much more dangerous.

FYI, maybe Time isn't a factor in a capitulation sell-off.



To: donald sew who wrote (33398)10/18/2000 10:37:41 AM
From: Paul Shread  Read Replies (2) | Respond to of 42787
 
FYI, I couldn't help but notice that BB was still calling for the Big Kahuna on Oct. 8, 1998. <ggg>

My only sign of a bottom in early October 1998 was that CSCO was trading at a PE of 30, its actual growth rate. Would need to get a lot lower to get there now, probably to about 20.

Techs look very good here.


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