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To: Fangorn who wrote (45092)	5/27/1998 8:15:00 PM
From: Eddie Kim	Respond to of 176387

It is not meaningless...just very debatable to define. Chuzzlewit tries to play on this debate, asking broad questions yet to what point? The market deemed DELL "overbought", and thus DELL dropped. Case closed...no matter how many questions he asks. We all like to know where to the market is going. One down day does not signify a correction; however, knowing if something is overbought or over sold can help predicting the next day's move. The value of knowing when a stock is overbought is investing knowledge. This knowledge alone should not solely effect one's buying or selling however.

To: Fangorn who wrote (45092)	5/28/1998 2:25:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

You said it so much more succinctly than I! I thank you. Perhaps I got some people to think a little bit. My special targets are those bromides that are repeated over and over again. They begin to take on a life of their own, but when you really think about them, they are devoid of meaning. Here's another one I love to hate: "a moderate down-turn (10%) is healthy for the market". Have you ever asked yourself why? Was the market ill to begin with? Is a market that is steadily rising a sick market? If not, then what aspect of a rising market is ill? How do we know when we have a healthy market? All you have to do is listen to CNBC for a half an hour and you get enough of these chestnuts to fill your larder for a year. These phrases are nothing more than a substitute for thought. TTFN, CTC