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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (15231)	8/31/1998 4:35:00 PM
From: Judy	Read Replies (2) \| Respond to of 42787

Bob, don't think I've seen a market taken down so fast before, stocks that took months to rise gave up all their gains in a week or so. I posted the market was making a rounding top in early May ... a few stocks as LU, MSFT, AOL, PFE have now returned near their levels at that time. Except in May the potential for a recession next year did not seem as likely. But even if one were investing for the long-term, it is not clear investors who bought in April-May hedged or took the ride down again. For if I had invested in LU in the low 70's then, I don't think I would have sold near the highs and the stock would have retraced half way down before I realized what was going on.