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To: AllansAlias who wrote (38637)5/9/2002 4:28:17 PM
From: UnBelievable  Read Replies (3) | Respond to of 209892
 
If I Were A Bull

I would be scared sh!tless to realize there is so little substance to my "investment" that its values can change by 15 or 20% in a day when nothing changed.

Most people would realize that there was something wrong if every day they went to the grocery and the price of everything regularly changed by 15 or 20% on a regular basis, for no reason.

But it doesn't bother them in the least that is the case for most or all of their savings and retirement income.

As irresponsible and despicable as are the actions of those responsible for the transformation of the equity market into a game of three card monty, if having seen what they have, people still choose to place their money in the stock market, they have no but themselves to blame when they ultimately discover that their stocks are worthless.

Investing in this market is worse than “investing” in Vegas. In Vegas, if the casino was found to be controlling the number into which the roulette ball fell based upon where the bets had been placed, it would be closed down for running a fixed and illegal game. Such is not the case on Wall Street.



To: AllansAlias who wrote (38637)5/9/2002 5:04:34 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
In terms of tech, I see the move today as the 'b' (or more likely, part thereof), not a '4'. If it were a '4' I don't think it would look so much like the '2'. And it seems to be taking too long.

Implications are that the first move becomes a 3 wave move and there is a very real possibility of a flat here, means we are going back to test the lows fairly soon.