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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Brown who wrote (235)	10/26/2000 12:38:26 PM
From: Erik T	Read Replies (1) \| Respond to of 74559

Bruce, someone on another board made this exact same argument with me a few weeks ago. He titled his post "Mattress time." He then went on to tell me all the stocks he was "putting every last cent he could get, while there was blood in the streets." That group of stocks is now down 30% while my mattress money is stable. I may be wrong with my prediction, but my money is too valuable to me to plop it down into the current market environment. People will continue to buy the dips and we will see ups and downs, but until I see something to make me believe the underlying fundamentals of our economy are strengthening, I will be on the tech sidelines. But I am just an amateur investor. Everyone has the same information with which to work and make their own decisions. The fact that you are bullish and I am bearish is what makes the market work. Good luck to you and to me, Erik

To: Bruce Brown who wrote (235)	10/28/2000 7:06:59 PM
From: tekboy	Read Replies (1) \| Respond to of 74559

you have too much time on your hands. go sing something. tekboy@uBBiquitous.com

To: Bruce Brown who wrote (235)	12/19/2000 6:17:11 PM
From: Erik T	Read Replies (2) \| Respond to of 74559

Here was a short discussion I had back in late October, 2000. There was some discussion about how low the NASDAQ Comp could/would go. I put my guess at 1,800 within two years, and was met with this reply (message 235 of this thread). Oh, you do that. Go ahead. Tuck your money under the mattress until we reach Nasdaq 1800 within two years. Don't worry that the long-term TL is between 2700 - 2800: And this chart was offered as this writer's support: home.talkcity.com The NASDAQ Comp stood at 3,229 at that time. The 3,000 level was breached. Now support at 2,523 was breached. That long-term trend line has been demolished. Despite this, people I know are very complacent. Someone, Tommaso I think, posted a few days ago that this market is not climbing a wall of worry, it is slipping down a slope of complacency. The climax selling, I think, will occur when this complacency turns to fear of losing everything. After that round of selling which I think could take the NASDAQ below 1,800 and the DJIA below 6,000 (downside guess 4,000) can we begin rebuilding the long-term uptrend. Just my thoughts, Erik