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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: elpolvo who wrote (10193)10/29/2000 9:57:48 AM
From: im a survivor  Read Replies (1) | Respond to of 65232
 
<<from 3278, it's much easier to get to 4278 than 2278, unless i misunderstand evolution.>>

Wow, that comment brought a chill....I remember when naz went for 5400 or so ( wherever it was at it's high ) and crashed down to 4200. First, of all, I like alot of others bought like crazy. Wasnt high on margin until 4200 because I didnt want to extend margin unless I felt like a bottom was in place. Well, it wasn't, and thats what cause me, and many others to lose their ass. You buy when you feel a bottom has been hit. Many did that, and many got burned. Anyway, I remember when we hit 4200.....I dont remember which thread, but there was alot of doom and gloom and I remember somebody making the comment "we will go from 4200 to 5200 a whole lot easier then 4200 - 3200, and I'll bet every red cent I have on it"........well, I am sure that poster doesnt have many red cents left. At the time, I felt the same way....at 4200, we had been whacked, I in no way thought it could get worse...and boy was I wrong.

Anyway.......hoping hard for and end of year rally to the upside.

Keith