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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (7067)	9/13/2002 3:25:55 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 30712

J, "i think the public is waiting for a july retest or an october low.....in that zone between 1190 and 1000.....most folks will be clown long and think they made the buy of a lifetime" I agree with all this rest of your post but I can also guarantee you that the public will not be buying at 1190-1000. No way. None.Institutions? yes. A ramp from 1000 to 1250 will bring the public in at 1250+ in as mutual inflows peak. The question probably is, will fundamentals then improve enough so the ~1000 low holds? Hard to say that is a good bet. One point of interest is a know about 5 folks who never owned stock before until late 1999, early 2000. I have heard from three of them lately, VERY recently,that they are selling the remainder, down 60-90%, and using it to "upgrade" their home. I think we are really getting close here...maybe 2 months, maybe 6 months. I think planning for an ultimate spring low that is lower than we are now, would be wise, yet keep a very open mind. In any case, I appreciate all the discussion here.