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To: bill meehan who wrote (93498)4/12/2001 1:49:51 PM
From: Dr. Jeff  Read Replies (1) | Respond to of 436258
 
No doubt a 25% move is very enjoyable. I think it would also be very prudent to take profits after such a huge move in a very short time. Are you planning on selling? And yes, this is certainly a horse race - but I think the finish line is a long way away and a lot of horses will simply perish on their way to getting there. Lots of quicksand and deep holes are on the track.<g>

<<Well, you might be right; that's what makes a horse race. But a 25% move off last Wednesday's low on the NDX is enjoyable nonetheless. >>



To: bill meehan who wrote (93498)4/12/2001 2:01:33 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 436258
 
>>But a 25% move off last Wednesday's low on the NDX is enjoyable nonetheless.<<

great short term call. don't mess around and turn that 25% into a loser, though...

bill, wrt manias...

1. do you believe that last year's mania levels were the worst in history? if not, near the worst?
2. are you aware of any bubbles that ended without disaster?

if yes and then no...

why would "this time" be "different?"