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To: Sig who wrote (10812)6/16/2003 10:10:50 PM
From: Sig  Read Replies (2) | Respond to of 13815
 
Market commentary:
This is the market bust in reverse.
Errors on the way down were:
1. Waiting for an uptick to sell
2.Expecting a bottom because the market was down so far
3. . Trying to calculate a bottom
4. Buying back too early
5.Hoping a stock would go back to its old ways of rising
6. Listening to the experts telling us it would come back because(xxx)
Errors now being made on the way up
1. Selling too soon , taking profits incrementally
2. Listening to the experts ( telling us it will be slow recovery)'
3. Calculating a peak for the recovery ( cannot be computed)
4. Waiting for a stock to drop to buy in ( they are not dropping)
5. Expecting a peak because the market has risen too far
Those who won on the way down are those who sold and never bought back
Those who will win on the way up are those who buy now and do not sell until the time is right, when the market rolls over and starts the other way
It is pure confidence that rules the market. There are trillions now invested at incrediby low interest rates that can come back swiftly into equities, along with automatic savings..
Sig@dailybull.com
Nikkei up 183, nas up.Let the good times roll