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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (29968)	3/14/2001 10:45:07 AM
From: Nemer	Read Replies (3) \| Respond to of 53068

Suze ... Naz just turned green ///// watch the volume /// Ron always has his words of wisdom ... and Larry, [too] and Kelvin, and chartseer ... and you ... so, I'll direct mine to you cause you know I'm your total slave and mean no harm .... gggg The markets have ALWAYS moved money from weak hands to ones of strength ... and that is the way it is ... I have a friend who I am using as a barometer for locating the bottom of this particular Naz bear ... he has "some" experience in equities over the past ten years, but has "none" in a bear ... now, he does have, what is to me anyway, a LOT of money and can't spend what he has in his lifetime BUT his positions, which number fewer than four, have to be down over 3 million bucks this year ... and, from knowing him well for twenty years, I'm suspect this leaves him with about that much ... and, while it seem ludicrous to say that a fellow with over 6-7-8 million bucks, who has earned ALL this amount himself, and who, in the FAR past was numbered amongst the genteel poor, and is in his early fifties, is weak hands but that is the way I look at it ... not to say that I am strong hands ... cause I have less than 10percent of what this guy had .... but the method Ron is using on the QQQ is correct buy a tad buy a tad more buy a tad more than that buy a tad more , etc .... OR doing what I do ... daytrade the futures and matters not which way the mkt is going, even hoping for down cause it is easier to make money going down .... (I dare say that I made a similar statement bout the easier down waaaaaaaaay back years ago on this Zthread) THIS GUY >>>>> he is VERRRRRRRRRRY CLOSE to bailing out .... and could well have this morning as I spoke to a mutual buddy at Rotary this morning who had consumed a "few" drinks with the guy last evening ..... AND >>>> additionally at the lumber yards (2) that I went to after Rotary .... due to my daytrading reputation the regulars there ask my opinion daily .... there were at least five different working guys who were calling the brokers who handle their 401k and bailing .... the same statements were said at both places by most of the guys .... "I don't know what I'm doing but whatever it is it is wrong and I want my money put 'somewhere else' and I'm doing it NOW" I paraphrased somewhat, but the gist of it was identical .... so the bottom for the Naz is nearby ... as I said ... WATCH the volume right now it is what I consider light for such a drop ... and this is triple witching week ... and Wednesday is the most treacherous day of THAT particular week, statistically .... so THIS AIN'T IT ...