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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (94778)	7/15/2002 4:04:45 PM
From: sylvester80	Read Replies (2) \| Respond to of 99280

So if they never make changes, why do now with stocks down from $150 to $5? And cash out from their 401Ks is not for another 20-40 years out after all. IMO, I think we get a rolling bottom and anyone who is still waiting for capitulation will be sadly disappointed. JMHO.

To: Casaubon who wrote (94778)	7/15/2002 4:16:03 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

<Also, they are the types to never make changes).> that is a key point C., and true. When the mood changes amongst the average investor it is for a long time. When they bail, they are not soon to comeback. This all fits into Buffets historical analysis of the market. This is why i say one can pick on the average investor all they want, but it is they who RULE overall market direction. Trader action/PPT action can hold a market in a volatile,up/down movement, but nonetheless downtrending range, however traders and PPT etc. can not reverse a trend. Max