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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Axel Gunderson who wrote (717)	9/1/1998 8:29:00 PM
From: Freedom Fighter	Respond to of 1722

Axel, >>Fleckenstein: What happens in bear markets is whenever a "line of support" is broken, you have a waterfall decline and everyone tries to find a new line of support. Support never holds, and what used to be support becomes resistance.<< >Right. If stocks are going up, they can only go up, but if stocks are going down, they can only go down.< I hate technical mumbo jumbo too! >>Fleckenstein: the Japanese are certainly willing to rig their markets >No doubt they are deliberately holding down returns there. I think he meant they are rigging it to prevent a meltdown. They have been widely reported and have even admitted to doing such things in the past.