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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (32790)	6/14/2001 3:11:46 PM
From: The Ox	Respond to of 69031

The technical bounce that should come is not fundamentally supported by anything other than future expectations. Exactly. All the talk about rate cuts, bottoms being in or near, are just 'talk' to me at this stage. We keep getting reminded that there is a ton of money on the sidelines waiting to get in. Well, I can tell you that's the case with me, too. But I would place emphasis on the 'waiting to get in' portion of this sentence, not the 'money on the sidelines' portion. This is why I took/take exception to the Prudential call that money put to work now will be worth more in 12-24 months. If they had started their comments with a warning similar to: money that is put to work now could be down substantially before any rebound might occur (and given all the industry warnings there is a very strong possibility this will be the case) then I wouldn't feel so strongly about the poor timing on their call.