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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Eddie Kim who wrote (2256)	9/22/1998 2:38:00 PM
From: Raptor	Read Replies (1) \| Respond to of 4509

Eddie An extract from the post you hotlink'd: <<My SHORT-TERM TECHNICALS on the DOW are at 54, so its smack in the middle, with a bias to the upside. From 54, the upside potential is 2-3 days/200-400 points before the DOW would get to CLASS SELL status. If we were to reverse tomorrow, the downside potential is 3-4 days/300-500 points before becoming a CLASS BUY.>> Seems to me you still have to make the choice whether it will go up or down to make money. Notice how he says if one way and then if the other way. I say this because it sounds like he expects to make money based on his short term predictions of DOW up or DOW down

To: Eddie Kim who wrote (2256)	9/22/1998 4:28:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 4509

Eddie, you said: Zero for one??? I don't think so...more like 40 for 50. Well, now, from the link you posted, the incredibly prescient Mr. Sew said: According to my technicals we have 2-4 more down days depending on how low we go. The faster the market goes down in price the shorter the down period. And I now say zero for two. I can't rate him beyond today, because his prognostications are pretty fuzzy. And now a question for you Eddie. At point do you begin to admit that this guy can no more predict market movements than can I? How much evidence do you need? TTFN, CTC