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To: Rudy who wrote (8670)	11/18/1997 9:53:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 13456

>>Nothing but cash is safe. Darn and I am 50% invested getting shafted here<< Gee, I'm about 90% cash right now, and for the past week I've been watching many of the tech stocks post multi-point daily gains thinking they are getting away from me and everyone else is making money hand over fist. I guess from almost any perspective it's not as easy as it looks.

To: Rudy who wrote (8670)	11/19/1997 8:51:00 AM
From: tom pope	Read Replies (1) \| Respond to of 13456

Rudy how about this scenario? Read it with skepticism. 1. there will be a retest of the 10/28 lows. The fact that everybody agrees there will be a retest may be the best argument against one taking place this time, but just about every 10% correction in the past 50 years has seen a retest of the correction lows. We haven't seen it yet. 2. Thanksgiving has a historically strong and reliable seasonal pattern. Thus we will probably not see a major break until after thanksgiving - tho this expiration friday may be weak. 3. After thanksgiving, a major break to retest the lows as panic finally sets in. anybody who hasn't done his tax selling dumps his dogs. btw, tho there's caution on this thread, there is still a lot of - too much - optimism on other threads - including the disk drive threads. Things are a lot more sober on the dd threads since yesterday evening's seagate announcement, but there is still the odd poster calling for qntm at 60 by february. 4. Then a strong december end of tax selling recovery and a very strong january. Anyway, I think I'll arrange to be pretty heavy in cash by the Monday after thanksgiving. nobody knows what the market will do next week, least of all me. But the above does have the advantage of working with the seasonalities.

To: Rudy who wrote (8670)	11/19/1997 9:20:00 AM
From: john p. carney	Respond to of 13456

<Sounds like the good old trick you can use on a roulette table. Keep doubling on red (or black) each time you loose until winning.> hehehe. That's called a martindale, rudy. And it is precisely why casinos have table maximum bets. If a high roller wants to bet over a table limit, they are always allowed, provided they don't attempt to martindale. John