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To: IceShark who wrote (5870)9/13/1998 10:40:00 PM
From: Joseph G.  Respond to of 86076
 
<< it could very well backfire on him >>
what he's got to lose? -g-

IMO, if he does it, it could produce another 1-2 day sucker rally as we've seen recently. In fact, last two weeks were not unlike the early to mid Aug period, after the first 10% drop - all suckers were also preaching "gift horse" buying opportunity, and rally to new highs - based on exactly the same evidence - none beyond their greed and fear - "it always goes up", 'I have a gut feeling", "it can't go any lower", etc.

the only negative I can see is that M^2 ain't dipping no more - but then maybe he is, in secret? -g-