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

To: TobagoJack who wrote (6264)	7/24/2001 11:24:50 PM
From: westpacific	Read Replies (2) \| Respond to of 74559

Jay, Critical day Wednesday, I call it bounce or crash day. Every technical indicator I follow calls for a bounce here, if we do not the failure could lead to a market crash. Anyone long right here is nuts, they are about to get crushed if this plays out!!! As for me, short, cash, munis and assorted other safe havens. Have finished selling all the art, extra real estate and related toys. Ready for the party about to unfold in the coming one year period. This is it folks, we are at the start of the final big leg down. Then a long drawn out sideways recovery or if not even further downside after that sideways action. Even at DOW 7000, NAS 1000 - that is a market at historical fair value in a healthy economy. Let us hope that is the worst - the damage will be bad enough. All the best. West