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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (13086)	7/25/2002 8:11:27 PM
From: techanalyst1	Read Replies (2) \| Respond to of 57684

Well..... so my ranting all year long that something is wrong is rubbing off? LOL! The real devastating thing to me is seeing people like my brother in law who never had any tech funds in his ira and put up with his coworkers telling him for years he was a fool while their funds went sky high and his were slow movers. He's in his mid 50's now and last summer he told me he was going to be one happy camper in a few years since his funds weren't hit. They had to have been hit now and he really doesn't have much time to recover before he starts to pull money out. I don't know if new lows are coming but look at stocks like merq which never hit it's 52 week low just moving up and down. That looks like a base to me. What really worries me is the chart of the sp. I'm hoping it has seen it's bottom and travels sideways forming a strong base. The economy should be ok if we stabilize, I would think. We need the banks to stabilize for the rest of the market to be ok. Without the financials, the economy cannot be in good shape and without that, the market either. Guess we'll find out about revised consumer confidence tomorrow. I don't have a good feeling about that, but maybe I'm just too much of a worrier. TA