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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen who wrote (17582)	8/12/1998 2:57:00 AM
From: Goldbug Guru	Read Replies (1) \| Respond to of 69177

MORE BLOODBATH !!!!!!!!!!! At this moment, China & the Philipines is not doing too well. The Philipines is currently down 4.8%, earlier their market went down as much as 8 1/2%. Some asian markets are actually getting a dead cat bounce right now, who knows maybe by the end of the day every markets will come out positive.(I DOUBT IT) Dow Jones is a big let down on Tuesday, everyone freaked out when dow dropped 258 points in the afternoon. The last half an hour, Wall Street managed to cut their losses from -200 points to -112 points. It just shows the investors is not ready to commit any more of their hard earned money into this volatile US BUBBLE. Some analysts suggest the dow is at a bottom, the market is oversold, and is a great buying opportunity. If that's the case: why is it the dow jones is still dropping? How come there's so many people selling?? Why is it there's so many average joe redeeming their US equity funds and switching it into cash ??? How come there's NO NEW money flowing into mutual funds last month ??? How come this time big companies doesn't announce any STOCK BUYBACK???