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To: pater tenebrarum who wrote (68759)2/16/2001 4:25:50 PM
From: oldirtybastard  Read Replies (6) | Respond to of 436258
 
heinz, I think technical indicators should work less and less every day because they have such an unbelievably large following, of course not new information for you...I envision that eventually, before we find bottom, people will start to hate charts almost as much as they will hate stocks, as the clowns will blame the charts for getting themselves trapped. As soon as people start to feel duped, the real selling should start...it will not take much, the media will love a controversy based on the "Plundering of America's Savings by Greedy Insiders and Investment Banks"...this may take precedence over their tendency to stay bullish and optimistic at all times.

The press loves to get behind stories of poor, little misinformed J6P getting bent over by big business...there really are few better examples of this than the market. I'm rooting for those liberal types to wake up to this one of these days. I guess I'm just trying to feel for what a final catalyst will be, and since fundamental based catalysts really haven't fazed too many, I think a media inspired shift in thinking may be the thing that does it. They helped fuel this thing and they could just as easily bring it down. Sorry for rambling, just some idle speculation, won't really matter what causes it, I'm staying short all the pigs -g-



To: pater tenebrarum who wrote (68759)2/16/2001 4:57:48 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
He needs to turn his pics upside down. The TRIN spent almost the entire last six months under .70 in 99-00 blow-off. Perhaps, what he needs is a Wilder RSI of the TRIN? But then, he'd have to split the royalties.