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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Nostradamus who wrote (2312)	3/7/1998 9:43:00 PM
From: Bilow	Read Replies (1) \| Respond to of 5676

It's hard to predict the market based on fundamentals when prices are controlled by high grade morons. I hope it's not too contrarian for me to have given up on the bear, but here goes: No crash on Monday. We are too high for a panic, very few shares have been purchased above these levels. The individuals (i.e. high grade morons and below) are playing with capital gains, not sweat equity. Consequently they are as fearless as the guy who has already won a few hands of 21 at Las Vegas. The institutions got egg on their faces by acting rationally and selling last October, and now are grimly hanging on. The last fundamentalist has been steamrollered and embarrassed into being not just a trend following momentum player, but a simpleton, a buy on the dip moron. They're (I'm) not happy about being forced into this style of investing, but they (I) have no choice. It's that or cash. I've been playing dead cat bounces on value plays, as valuable as you can find anyway, and the market has been kind. No millennium crash (this week). Hopefully my ADEX and RGFX won't bust on Monday. :) -- Carl