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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (15264)	7/19/2002 11:54:36 AM
From: Steeliejim	Read Replies (1) \| Respond to of 23153

kb, All this talk re. ADX, red lines xing green lines, green lines approaching black lines, has me sooo confused. In the principle of KISS, I just bought a bunch of BBY. My rationale, albeit pretty simplistic--It's been beaten up badly, but seems to have good fundies, tried to make a move yesterday, and is hanging around even today in spite of the continuing massacre around it, which I believe is going to take a breather, at least ST. Anybody see COF this AM--20% move since yesterday. Oh to be able to separate the wheat from the chaff. And, no I didn't play on that one. Nor on BAX. Jim

To: kodiak_bull who wrote (15264)	7/19/2002 2:36:25 PM
From: Gottfried	Respond to of 23153

Maybe the DOW just needs to revisit 9/11 lows. It almost got there this morning. SP500 and Nasdaq are well below it. finance.yahoo.com G.

To: kodiak_bull who wrote (15264)	7/19/2002 3:44:10 PM
From: chowder	Read Replies (2) \| Respond to of 23153

>>> That's true, and of course the trend/black line wasn't as strong as September 01 and now, <<< That's the point of the ADX. It's strength is supposed to clearly define a trend. No clearly defined trend, no investment, short or long. The 401K investor is in the process of throwing in the cards. I've had at least a dozen people I know tell me they're going to cash in their 401K. It's difficult trying to explain to someone 10-20 years away from retirement that this may not be in their best interest. They didn't mind giving up some profit, but they're frightened to death about losing principle. (Their words, not mine.) dabum