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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Softechie who wrote (21588)5/9/2001 11:12:22 AM
From: Ron Dior  Read Replies (2) | Respond to of 37746
 
Have you considered more layoffs and higher energy costs? People will cash out from house of cards.

Soft, I consider all that you and others say. I know you are correct and that's why my stops are tighter than normal. I still think your thinking though rational might not reflect the actual moves in the market.

People will cash out from house of cards.

People have cashed out over the last two years. Many are still on the side lines and waiting to cash in. Whether or not they put the money to work is a different story. I think that the traders are in control right now and thus the large moves up and down. Just curious, I am assuming that you see things getting worse from here Soft. If so, how much worse do you see them getting? I would like to know what your price targets are on the Naz and Dow. Will we go back to old lows or will we crash through them? Also how long do you feel this will last before we see a recovery? Will we recover to new highs or is the economy doomed forever?

Interested in what you think... Thanks in advance.

Ron Dior