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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (71)	9/9/1998 12:37:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 10690

Hi Sun, You ask why? I reply, why not? 1) I think the market has bottomed here and we've had a retest last Friday. 2) The reversal was technically very positive. If we have early strength, we did minimally, and then close lower, which we may, I will be buying. In fact I bought some just moments ago. 3) I think any retest will hold. 4) The cycles are coming due and I'm aggressive. 5) There is excessive pessimism and it seems trendy to be bearish these days, and I know that everyone is never right. 6) Even if this is not the bottom, I expect the downside risk is less than the upside potential over the next year or two, we are closer to the lows that to the highs. 7) There is good technical support at these levels earlier this year. I could probably go on, but these are a few reasons. GZ