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

To: TobagoJack who wrote (3077)	4/17/2001 10:44:17 PM
From: TobagoJack	Respond to of 74559

Finally, this turned me into a bear ... Message 12257581 MeDroogies was right that a crucial bit of info at the right time can make all the difference in the world. The specific news was related to me by a guy in Tokyo and had not hit the papers yet (at least not in papers I read). Chugs, Jay

To: TobagoJack who wrote (3077)	4/18/2001 9:33:12 AM
From: tradermike_1999	Read Replies (2) \| Respond to of 74559

I got convinced the market was going to crash when the end of March came. 1)Bond yields were getting inverted 2)theory that the runup was due to Greenspan's Y2K liquidity injection that would be taken away 3)my trades were acting different - at the time I would trade stocks making new 52 week highs. It worked incredibily until March when false breakouts ruled 4)advance/decline line in March collapsed 5)double top 6)what topped it off was the day at the end of March or early April - I can't remember - where the market plummeted fell several hundred points only to bounce in the middle of the afternoon. Was driving in my car when it was happening. TV people claimed it was just a correction but I thought it was the one last rally before the crash. That wierd day convinced me that it was over. I called several dozen people telling them to get out and none of them did. Thought I was crazy.