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To: Jim Patterson who wrote (63045)9/1/1998 5:38:00 PM
From: DoggieDude  Respond to of 176387
 
Agreed... The A/D line still points to a troubling situation. This may be the beginning of another big rally up focused only on the big stocks. The end result will just be another bigger decline. If the DOW does recover above 8200 level too quickly without the rest of the market going with it I'd say that would be a great time to bail until another big one hits.



To: Jim Patterson who wrote (63045)9/1/1998 6:56:00 PM
From: Mohan Marette  Respond to of 176387
 
Jim,I don't recall saying A/D was 'good' I said they look positive, big difference,no???? Yeah sure I rather see a 10:1 ratio but how can anyone expect when we had a day like yesterday and everybody is spooked? I am just glad the market was up today and I don't worry too much about T/A if I can help it, however I do worry about the fundamentals of the economy,the company/ies I am invested in,and other world events which might have an impact on my investments.



To: Jim Patterson who wrote (63045)9/1/1998 11:45:00 PM
From: Sig  Read Replies (1) | Respond to of 176387
 
Jim
<<< I expect the decline to resume either Wed or Thurs.>>>
I think the worst is over, no more major tankings for following
reasons:
The US economy and financial markets are based on the little guy, the small investor. Bundled home mortgages to be paid, credit
cards maxed out, automatic payroll deductions. The equities are a big part of the whole thing, "they" need people who are willing to invest.
I believe the Feds stepped in today and said "Enough is enough, you guys on the Street have stripped the investors of all
their profits for an entire year...any more of this excessive greed and discouraged investors and fund managers will stay away ( or invest in bonds) and without them you wont have any jobs left and even the government will be in deep trouble-So knock it off"
One worry I've had, is that when every common man is invested in the market, something bad would happen as there is not enough money to go around. Did not know what,exactly would happen,
perhaps a domino type collapse, but now I sense that its going to be
as it has been recently- 6 months to a year of upward Dow to satisfy the investors, then a downtown when the Street people extract their extra pound of flesh by assembling the bears to beat the drums and
cause confusion and mistakes. And the ever-tempting Dow can proceed joyously upward but to little profit for the common man.
One way to overcome this costly noise is to buy and hold a good company like Dell or Csco.
Regards
Sig

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