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


To: Lucretius who wrote (20778)10/4/2001 1:37:08 PM
From: Kip518  Read Replies (2) | Respond to of 52237
 
Thursday's good.

Of course, you and the others are right. Hays has been calling for the bottom for a long (too long)time. But he actually called THE bottom on Monday after getting the IBD bottoming signal. Monday may not bad call at all.

I'm not carrying a brief for Hays but I feel better with his record and reassuring message than than those from Paul calling for a 1,000-2,000 point down. <g>

This morning on CNBC Woody Dorsey called this market phase the "relief" phase when folks think they survived the bear market and can get back in. Liquidation and wipe-out ultimately follows. That's not inconsistent with Hays' outlook. He sees a good rally here (100% stocks - 0% bonds/cash) followed in some months by the deluge.