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To: kha vu who wrote (4331)	11/10/2000 11:17:12 PM
From: bobby is sleepless in seattle	Read Replies (2) \| Respond to of 8925

The Force, Luke.... Volatility is rampant. I'm starting to go over some of the articles i've copied thru the week. contraryinvestor.com

To: kha vu who wrote (4331)	11/11/2000 1:48:38 AM
From: Scrumpy	Read Replies (2) \| Respond to of 8925

Candlesticks are working quite well. }:-)

To: kha vu who wrote (4331)	11/11/2000 6:45:27 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 8925

Since Thursday, so far Four newsletters declared that TA is NOT working under the current environment. Technical trading never stops working. Perhaps those newsletter writers are only comfortable buying dips in an uptrend. Technical analysis is one part of the equation, what you do with your analysis is the other. Sometimes the right answer is to do nothing. For some reasons, many people believe they have to be full participants, all of the time. The trend is your friend until it ends or bends... clearly if they've been buying dips since the spring, they are well underwater and aren't adept at detecting trend changes. During a bull market, buying the dips is an easy and profitable strategy, bound to work out for most players, most of the time. But when the trend changes, its an entirely different matter. Most of those same players will continue to use the same strategies that worked so well - because its all they know; because of disbelief; because of fear and greed (missing out on "bargains") - only they will be hurt to some minor or great degree. CASH is the KING. Now that's a sensible comment. or BITING the bullet or if you gained too much and can afford to risk then here is the bottom fishing chance -- IMO that's not sensible. I want to protect my gains, not dilute them with potential losses. There's little to be gained in trying to time an exact bottom since few will be able to do that - the majority will in fact be wrong. Over and over again - that's what's been happening so far this year. since this current situation will have to be resolved -- market just goes thru a short hiccup I take it your comment presumes the revaluation of equities is happening because of the presidential uncertainty, and I do not buy that at all. Selling has been going on for months. The consolidation at the lows has been going on for weeks. Uncertainty over an election may well be a catalyst or blamed for specific daily moves, but it isn't what has driven the tech market down from 5000 some odd; the rest of the market sideways for an extended period of time. The likelihood is very high that market events of the past 24 months are in fact something quiet different than the norm. And therefore quite different than the experiences of many market participants. It will take some time for them to adjust their behaviour, ironically by the time most of them do, the market will invariably have changed again. I'm neither bull nor bear, just a trend follower. In particular, with the NDX again testing the low end of a range built over months, its time to be cautious and prudent - not time to be an investment cowboy. Mike (ps, not all these comments are directed at you specifically, but your post prompted me to do some thinking)