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

To: Boca_PETE who wrote (9521)	10/6/2002 12:36:58 PM
From: Jeff	Read Replies (4) \| Respond to of 30712

thanks pete....but this is far from over.....i doubt many even following this retrace will be around at the real bottom.... i've seen many come and go on this thread since may....some were watching this play out right in front of them and they still didn't believe it......at important points....some folks who followed this down all of sudden got lead astray.....remember that post from IG last week who told me the retrace was going to be blown out of the water....he did that twice now when the market sucker ramped and both times the market dropped to lower lows..... you see....ever since we were young....we were always taught to be a part of the crowd.....in school you always wanted to fit in with the "in" crowd...or you would be left out.... that type thinking lead to the huge bubble as folks just kept piling in because everybody was doing it....it was the "in" thing to do......if you weren't in the market buying...you were stupid and missing out.... well....that same type thinking now will destroy you.....because in this phase....only the folks with the confidence and backbone to go "against" the crowd will survive..... a final phase bear is designed to wipe out the same crowd who created it.....and the same type thinking that created it....it will destroy it..... now....nobody wants to miss the bottom....everybody has to "get" the bottom because if they don't....they will "miss" out..... as long as everybody wants the bottom so bad....it will never come.... the bottom will come when nobody cares anymore.....right now...everybody has reservations in for an october bottom to buy....the ramp from here will lather them up even more..... this october bottom won't be the bottom....