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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Skeet Shipman who wrote (49523)12/1/2000 6:06:59 AM
From: William H Huebl  Respond to of 94695
 
I know the expectations in the marketplace are that this is just another cold the market is getting...

But I don't think so... after being clobber once, the bulls are REALLY taking it on the chin now.

I heard one on TV last night saying, "I am not committing any NEW money to this market!" That tells the whole tale to me... he is sitting there we mega losses and so disgruntled that he wants his money back before going back in the marketplace. That is exactly the reverse of what he should be doing! He, firstly, should be out of the markets as I am, and if anything, committing NEW money now... many of my co-workers have done that and are averaging into this sell-off with new money. And when we get to the bottom (where and whenever THAT is - SCY > 1.5) they will take their OLD money and put it back in.

BWDIK?

Bill