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

To: Eddy Blinker who wrote (83323)	7/21/2002 10:04:56 PM
From: Tom Pulley	Read Replies (2) \| Respond to of 99985

re: Therefore "Will go to 110% long at the open" is a INSANE statement when looking at the evidence offered by the poster Eddy, I'm curious why you think my statement about going long now is insane when so many technical indicators are showing the market is very oversold. On 9/30/01 I made a similar post to go long and received lots of negative comments.......but no suggestion of being insane (g). In fact, logically if going long now is insane..........anyone who bought stocks at the higher levels of the last two years was more insane than me(vbg). So, I can now conclude that more than 50% of Americans are insane, but I'm less insane than most (vbg). Actually, I have to agree with that....so I guess we are in agreement! Tom

To: Eddy Blinker who wrote (83323)	7/22/2002 6:30:52 PM
From: Rob S.	Read Replies (1) \| Respond to of 99985

I mis-directed my comment. . . I see what you were meaning now. I keep thinking, "this is it" (capitulation), but then think that with the "system" having destroyed confidence methodically over several years why should anyone place that much trust in U.S. denominated stocks? It's nice that the politicians are now jumping on the bandwagon to tar and feather the offenders, but that doesn't fix anything in the market now. Perhaps this sell off has further to go than anyone thinks. To get to being cheap many stocks still need to drop 30%-50% from the current level . . . if you can trust the numbers.