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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (28883)	7/24/2002 7:49:22 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Sergio "today was a relief rally" As we have discussed before...no one can tell the exact bottom. They generally come with a wimper rather than a yell. If you changed your way of investing I would be disappointed in you. We have discussed this many times having agreed that there are two ways of doing this...each person must decide for themselves. I would suspect that there are going to be a lot less "mom and pop" traders for quite some time. LOL So much the better in my opinion. Dreams of instant riches has moved back to Nev. while many shams and penny pumpers have shown their true colors, thus sneaking back under the rock from where they came. Today may have been the beginning of a key reversal for those interested in longer term holds of the QQQ's. I plan on buying some tomorrow and Fri. on any dip. This is a 5 year chart of the COMP. Note that it has taken nearly 3 years to complete this oversold condition while those buying on TA alone and not looking at it again for 18 months can expect at least a 50% gain on their money. 139.142.147.218 Ken