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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (83297)	7/16/2002 3:31:24 PM
From: Patrice Gigahurtz	Read Replies (2) \| Respond to of 99985

I used to think I had a good feel for bottoms, but of late I lack the confidence to touch a bottom for fear that it may turn and bite me. Still, I have managed the nerve since 6/4/02 to average into the S+P and Naz indexs on days when each closed lower than the day before, and that wasn't hard to come by as many days met that requirement since 6/4/02. Again today, if the Naz and S+P stay together on the minus side I'm in again near the close. However, I'm tapped out and thats it, thats my line in the sand, I can wait till hell freezes over or Bin laden turns up frozen in some cave (I'm certain he's not breathing). I feel somewhat, no a lot, proud to be investing in this market when everyone is selling America short because of a few book cookers. Keep in mind though, that its rare to find a Man who has integrity, no matter how high an office he holds;for money seems to erode integrity a lot like a good looking woman does or a good bottle of wine ! Thanks