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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: SilasSan who wrote (11289)	5/27/1998 2:59:00 PM
From: SpecialK	Respond to of 13456

>>> Doom & gloom & Loving it <<< I wonder if there's enough doom and gloom. Everyone seems to have expected a drop and personally, I'm happy to see the dive. I'm in cash. Regardless of the support at 1715, I anticipate a drop below 1700 and for this to last more than a few months. On the other hand, there are many stocks which I feel are at their support levels or near and thus there isn't too much further to go. For the first time, I didn't play against the topping trend of the market and I'm thrilled. If so many folks are sitting in cash, waiting for a bottom, it's a bit scary, it means that there will be sucker rallies. Profitable for the quick but painful for the dead. Oh well, good luck all. Ketan I picked XCIT last week at 60 as a short, it's up 3 bucks today to 55.