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

To: Voltaire who wrote (20348)	11/28/2000 10:10:11 PM
From: RJL	Read Replies (2) \| Respond to of 65232

"I am not calling for a dramatic rise..." Um, did you not call for 5000 by January? Then 4500, 4000, 3500, etc... Please do correct me if I'm wrong.

To: Voltaire who wrote (20348)	11/29/2000 8:36:56 AM
From: im a survivor	Respond to of 65232

<<I am not calling for a dramatic rise but do not see the Financial debacle a lot of people are calling for.>> You don't see it ?? heck vster, it is happening as we speak and has been happening all year long. The naz is 50% off it's high and many stocks are down more then 90%. Talk about a debacle....sheeez. My hope is that the worst is over....that soon we start a rise or at least stop falling. Even that would satisfy me at this point. No movement....just some solid basing to show we are at bottom. I'll take anything other then watching these huge daily drops. What pisses me off more is the dow keeps right on chugging along, while the naz gets it's butt kicked continually. My wife keeps saying "don't sell, it'll come back"...my response "there aint much left to sell, and everyday it gets worse and worse". My biggest problem is in years past I have used times like this to become succesful. I have always bought the corrections...that is why i made so much money....not selling, and continuing to buy is what caused me to lose it all. Now, althoguh I am buying a little here and there, I feel like a deer staring at the headlights. I want to buy....I want to take advantage of this buying opportunity, but so far this year I have been wrong every single time I bought thinking I was getting a "buying Opp"...With that in mind and the fact that this is very obviously not your typical short term correction, has me scared $hitless to execute. Every time I do, I just keep losing more and more. On the flip side, if I were to go to cash and the market were to rebound without me, I think that would hurt me as much as the losses did, so here I sit, like a deer waiting to get run over, trying to decide whether to buy or not to buy, and wondering whether I am foolish for not selling. My guess is there are alot of folks thinking the same things as I. keith...hoping for a better day, but not expecting one for awhile.