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

To: J D B who wrote (37811)	7/10/2002 10:17:24 PM
From: StockOperator	Read Replies (1) \| Respond to of 52237

JDB, It's not just the avg investor. The guys that make a living in these markets are just as guilty. The problem with W.S., especially during this entire bear phase, is that investors are viewing and prejudging the price action through a template that does not apply this time. In the past all you had to do was wait for the Fed to act and x amount of time later stock prices responded. Another point thrown around by mgrs. today is that every bear mrkt (after WW2) has lasted roughly 13-16 months, afterwhich, offered a great time to buy cheap stocks. Well what about prior to WW2? Well all know what happened prior to that but the point being how can you discount it. The market is all about repetition even if the timespan is 100yrs. Now don't take what I'm saying the wrong way, I am not advocating the idea that we're heading for a depression. I won't do that because that's not what my analysis is all about. To be honest I get lost in a balance sheet. But what I can and will say is that based off what the market is giving me right here in the moment, the pressure will continue to bear down on equities. That is my template. Prices will either breakout above this two year trendline or prices will continue to drive lower. A point that ultimately takes me right back to the patterns in individual stocks. H&S on LEH, stock after stock breaking key support. These are realities that no one in the markets can ignore. So yes there is a disconnect going on but it's not with the market. It is with investors that continue to make decisions based on a roadmap that does not apply for this trip. JMO. SO