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To: Trader X who wrote (9617)11/13/1997 8:59:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 17305
 
All the bulls have not given up...you are one of them.

Bottoms are marked by chaos. This has been an orderly decline. "Da Street" is howling "ALL IS WELL" and monies are not flowing into mutuals, but individual stocks.

This is a fishy situation. The mutuals, last I checked, have a 3.8 cash position. A downturn with redemptions has got 'em selling.

The market is not a safe place for people extended on the long side...and it is not setting itself up for the April rally we had. The banks are cooked...the techs have to lead the next rally and are in no position to do so...I need a drink and there is no bartender...This all spells doom.



To: Trader X who wrote (9617)11/13/1997 9:06:00 PM
From: Patrick Slevin  Respond to of 17305
 
If it makes you happy the "NeuralNet"s I track all have a buy signal for Friday.

I need a computer for this? Why can't these kids get a real job.

EDIT

I just looked at the NeuralNet kid's prediction for the low today. They nailed it. (I ignored the message last night). I still think they are full of hooey, though.


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