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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (5104)	12/9/2001 8:37:33 AM
From: Bocor	Read Replies (1) \| Respond to of 36161

George, you may be right, but if you look at valuations in the tech sector, there is a plethora of stocks with valuations similar to bubble mania valuations, and the list gets longer and longer every day.....bio tech valuations are in some cases higher that they were, and are pricing in more perfect news than a kid on Christmas Eve.... all IMO only of course (gg)

To: Crimson Ghost who wrote (5104)	12/10/2001 5:14:43 PM
From: isopatch	Respond to of 36161

George. Like I said, Jacob is a techie, clone-bull They're all over the web. Every time there's a rally, these guys get more bullish the higher the tech stocks go. And then, when they should be selling, they try to cover their emotion dominated bullishness with vague, poorly thought out, or even bogus analysis. You and several others on the board have done a good job of explaining to him why his bond interpretations and stock market analogies to the bubble period are flawed. The current environment is drastically different from 1999 -2000. But emotion dominated traders go into denial when you approach them with facts and reasoned analysis. So you get little in the way of acknowledgement no matter how clear and pointed your reasoning is. Slider and I saw that over and over in with the HTP gang after we called the major patch top right at the beginning of this year. In fact, it certainly combines comedy with irony that a few days ago an HTP chihuahua wiggled under the fence here to support Jacobs incorrect assertions. Whodathunkit<lol> Jacob actually set a reasonable target (Ex NAZ 2080) at the start of the rally. Then, by the time the market got close to it, last week, he was was too emotionally undisciplined to sell. Once I read the excerp quoted below, knew it was unnecessary to read the other urls on his list.<G>. When people get into denial posting you can see the emotion running the trading decisions a mile away. <As of today, with the Nas almost at my 2080 target (50% rally off the recent bottom), I am not at my target. I need to raise cash from 23% to 40%. For tax reasons (and because every chart I look at is so pretty), I'm going to gamble, and not raise more cash till January.> Message 16755988 And sure enough, as his the above quote shows his capitulation to excessive bullish emotion? Bingo, the NAZ chart shows that 12/6 was a ST trading top. quotes.ino.com Typical emotion dominated trader. A good contrary of this top just HTP traders have been all year.<g> Regards, Isopatch