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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bidder who wrote (3078)9/26/1998 4:21:00 PM
From: Peter V  Read Replies (1) | Respond to of 4634
 
Michael Bidder - ALthough I tend to disagree with Bill about the general market direction (bwdik), I think the point here is that stampedes to the exits (or entrances) usually occur by surprise, when there is general bullishness (or bearishness). This is due to the fact that there are no buyers and everyone is selling. Lots of people have prepared for the bear here by shorting, and those people will be buying on the drops, which will soften the correction. The reverse also tends to be true, when the bears are set to go, uptrends create only buyers as the bears panic and unwind positions, no sellers. That's the theory, anyway, but I'm leaning towards the bear due to forces external to the US market. I'm hardly a market forecaster though . . .



To: Michael Bidder who wrote (3078)9/26/1998 5:34:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 4634
 
Sounds a bit extreme to me - and perhaps as paranoid as the y2K fantasies.

I simply try to take advantage of situations which I deem to be undervalued or overvalued.

Right now, I believe the market to be a bit undervalued. It may crash, it may not. No one can predict these things.


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