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

To: Thomas C (Hijacked) who wrote (3319)	8/31/1998 6:39:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 5676

Thomas, nobody has a handle on the future. We just have to muddle through this thing and follow the market day by day. The down momentum now is much quicker and deeper than 29 or 87 or any other correction in this century. Prechter compared this bubble to the South Sea Bubble, OUCH. with this kind of rocket shot off the top, he may be more accurate than most of us are willing to visualize. I am trying to count elliot waves on downtrends on some banks and transports and I am seeing five wave completions that should yield some decent rally and I see a one day wonder before the down leg continues. bb

To: Thomas C (Hijacked) who wrote (3319)	8/31/1998 7:39:00 PM
From: Tommaso	Respond to of 5676

I don't know what I will actually do when the time comes, but I think that if the Dow hits 4500 I will start studying stocks carefully, or edging into a mutual fund. Even if it went on down to 3500, it would probably emerge from the trough to pass 5000 on the other side fairly quickly, and the truth is that a 10% compounded gain year after year is what makes people rich over the long term. But we have to see what happens as we go along. I just hope that never again do I imagine that I have the magic touch for investing. It's always hard work and caution unless you just like to gamble. Meantime, my BEARX is up nearly 23% in the last few trading days.