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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: baddtiming who wrote (43707)	12/18/2000 12:53:12 PM
From: Greg S.	Respond to of 57584

Re: 4DML I've been watching the charts carefully since the 1st day of the supposed 4DML and I think it's been confirmed, the pattern is there. I have to commend this thread for such a discovery - it's truly a marvel to "know" what the market is going to do as I feel like I have for the last 3 days .. since I'm still wet behind the ears I'm not placing money on it, just nibbling a bit here and there and watching and learning. That being said, i think the threat of a compounded 4DML is very real .. I think the close today and tomorrow will tell all. Finally, I think we all agree that what this market needs to rally - and sadly, probably what it will get - is a gut-wrenching churn down to 2200 or so, flushing out the last of the poor bullish Individual Investors who by now are margined to the hilt. The MMs will let the prices drop until all but the strongest hands are forced to fold. We'll bottom out quickly after that, but a good piece of the retail investing sector will have been broken, so the rally won't come as swiftly .. but it will come. And the house will win, as usual. The proposed compounded 4DML scenario is the appropriate catalyst for this kind of market action, IMHO. We'll see what we see. Cheers, -G