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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: westpacific who wrote (3001)4/13/2001 12:42:31 PM
From: robnhood  Read Replies (3) | Respond to of 74559
 
Yes,, And the Idea thread is seeing piles of posts the last few days. This was a bull thread which had dried up to next to nothing.



To: westpacific who wrote (3001)4/14/2001 10:15:45 AM
From: tradermike_1999  Respond to of 74559
 
I've mostly been just sitting and watching on the sidlines.

On Thursday had three telephone calls from people who think it is the bottom and wanted to buy something. I have a small office and it is flanked by a broker on one side and an investment advisor on the other side. One of them sold their IRA holdings a few months ago and got back in last week because he heard someone say it bottomed on CNBC. Thursday night I went over someone's house and a person there who is one the edge of retirement and has few stocks told me he was thinking of buying into the market because everything has fallen so much.

People are still bullish. They still fear missing big gains than they do putting their money in now and seeing it get wiped out 50%.



To: westpacific who wrote (3001)4/18/2001 6:20:58 PM
From: Yogizuna  Respond to of 74559
 
My own personal indicator the infamous Yogi Index gapped up to a +4 reading today (the range on this is -5 to +5 with a zero line in the middle), so we are short term overbought now, but still have a little wiggle room to the upside if the bills have any steam left after today..... When you wrote your post to me the YI was neutral coming off of deep oversold readings, so I leaned my portfolio to the buy side and now have to decide where to sell a lot of it.