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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (6297)4/25/2001 1:30:04 AM
From: Berney  Read Replies (1) | Respond to of 52237
 
bb, I really do hope that you find a new propeller beanie.

Actually, I took AG & co's dramatic intervention to move a sadly motivated entry to cash at a small profit. I figured that it might take a few days for the Market to figure out that this event, a couple of days in front of option's expiration would be determined to reflect that the economy really does suck.

Not knowing squat about e-waves, I'd like to know if your count would allow that one down started the end of August, 2 up was in January, 3 down was through the end of March, 4 up was until last week, and we are now in that big, bad 5. Just curious.

Berney



To: bobby beara who wrote (6297)4/25/2001 3:12:13 AM
From: Jack T. Pearson  Respond to of 52237
 
I don't disagree with anything you said.

I suspect this tech boom/bust cycle will be the biggest one for a long time.



To: bobby beara who wrote (6297)4/25/2001 9:41:41 AM
From: Paul Shread  Respond to of 52237
 
>>the point is that technology is subject to boom/bust cycles, just like cotton, wheat, gold, oil or anything else that trades in the markets.<<

Absolutely. Anyone who thought tech was anything more than cyclical has a good opportunity to learn now. The most amazing thing is just how much tech has fallen apart in what is still probably a growing economy (we'll know more on that on Friday).

Since inception, the Nasdaq has returned 11% a year. You'd sleep better at night and do better over time buying and holding the dogs of the Dow.