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To: David Weis who wrote (8319)7/23/2002 12:15:40 AM
From: Boplicity  Read Replies (4) | Respond to of 13815
 
A 9/11 event is an obvious buy, but this, I don't know. Selling more after selling relentless for weeks, is a well established trend that needs more then just price to reverse. Furthermore, I see no reason why the market can't go to the extreme on the downside, just like it did at the top. The question on my mind, is this extreme enough? To me, unless you trading, you buy when the vol. has been dead, and there is spark, a reason to buy, not just price level. That said, I will be buying near the end of this week for trade if we start to get down to the low 7000 which I see as extreme for the Dow. It would be almost too obvious as a trade to see 4 more days piled on to what we have been seeing. It comes down to these question. Have enough sellers left market to cause a vacuum to draw in buyers? Or is market predicting something that is fundamentally wrong with the USA economy that we don't see? I keep thinking about all that old money getting scared. Let me tell you, there is a lot of old money left in the market still from all over the world!

B