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


To: Rande Is who wrote (44528)1/2/2001 2:18:19 PM
From: carepedeum2000  Read Replies (1) | Respond to of 57584
 
and it would be just like the market to go down through thursday am to totally frustrate as many individual investors as possible and just when us little guys say to heck with it, we get big "burst" on friday as unemployment shoots up and spotlight turns on greenie to cut rates pre-meeting, i think ill play that scnerio, for the rest of this day, forget it, should have held my shorts instead of taking initial gains



To: Rande Is who wrote (44528)1/2/2001 2:58:00 PM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
We're about 10 points from breaking Dec. 21's low on the COMPX. That's twice now we have bounced when approaching it. The lowest PE stocks are still holding up well and some are still advancing. Again, I believe this to be a changing dynamic to the 2001 market over prior years.

As for the million dollar question, "when is enough enough?" . . .when greed sets in, the answer is NEVER. But that alone could set us up for a very quick and very sharp "burst rally". . . perhaps sooner than I first thought. . . maybe even by this Friday. . .as Carpe surmised.

Rande Is

EDIT: Just now fully retested the low. Very exciting to watch.