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To: GraceZ who wrote (186393)	8/7/2002 1:36:12 PM
From: stan_hughes	Read Replies (1) \| Respond to of 436258

Grace - Obviously true, but I was contemplating matters more along the line of the psychology of the beast. Perhaps a better question to ask is whether lows actually induce unsophisticated sellers to appear (i.e. that selling begets selling), or whether strong selling pressures that create lower prices also create an illusion that impatient sellers got poor prices once the pressure is removed. The normal assessment associated with these downdrafts we've been seeing is that the ill-informed get the lows and therefore are to be ridiculed. In a secular falling market like we have now however, the opposite assessment might in fact be the correct one, because those sellers are leading the way down over a longer time frame and effectively getting out first. In summary then, I doubt that anyone who got sold out of tech at the lows for the month in April 2000 gives a rat's ass about that now. Am I crazy?