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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (29108)	9/27/1998 10:11:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 94695

Donald, Excellent post! >> I do strongly believe that the SI readership is far more sophisticated than the average investor. First, It's the SI posters, not the readership. People that we know for sure that they 1. Have Internet access. 2. Can read AND write. 3. Spend some time following and thinking about stock and the market. In '29 public participation in the stock market was less then 3% of households. In the new "new era" we have a democratic 50+% of households participating. And they will sell much much later and much much lower. ATG

To: donald sew who wrote (29108)	9/27/1998 10:20:00 AM
From: Berney	Read Replies (3) \| Respond to of 94695

Donald, this is fun. I can only assure that the Big move is not known, and we need only watch the EU and Japan. If the EU is up, what does that do to your progostigating effort? Berney

To: donald sew who wrote (29108)	9/27/1998 10:39:00 AM
From: BubbaFred	Read Replies (2) \| Respond to of 94695

Don - My buddies are the same way, 9 of 10. Reasons they give are: With interest rate dropping, there is no way the market can go down; Domestic economy and employment numbers still look good; Stocks are cheap; Market drop and the low were made four weeks ago and that is set in stone; Overseas problems will have minimal impact here. Most remember the '87 crash and this time, they don't want to get left behind, as they were in late '87. Even some buddies who had been bearish and had refrained from buying for the last 8-10 years, are now buying. Again, they don't want to miss the boat, as in '87. All I can say is the few who had missed the boat and consistently been wrong for the last 10 years, are now buying. Strange happening isn't it? On the other hand, the few who had been investing for the last 20-30 years and who had been bearish since January of this year, are in still in cash.

To: donald sew who wrote (29108)	9/27/1998 2:04:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

donald, I thought this is what you were saying as you were referenced earlier on another thread. If I misunderstood, my apologies, but this is still my position. I can't find the post, but you suggested that if everyone expected a sell off on Wednesday, why isn't everyone selling early to beat the crowd? Also, I don't know if we'll ever see 7400 again, we could see 5600 again as well. So far, I've been holding long positions now for about 2-3 weeks and see no reason to sell out here, yet. Later... GZ

To: donald sew who wrote (29108)	9/27/1998 4:00:00 PM
From: g_m10	Read Replies (1) \| Respond to of 94695

To say that everyone is expecting a selloff - most of the people I speak to, outside of SI, are saying we are moving up,... I only see that strong bearish sentiment on SI not with the average JOE. ... FWIW, From SI: Current Survey Results Last 7 Days (218 votes) Bull/Bear Ratio = 1.72 Bulls: 122, Bears: 71, Neutral: 25 Last 24 Hours (28 votes) Bull/Bear Ratio = 2.25 Bulls: 18, Bears: 8, Neutral: 2 Well, with the number of votes taken, we can easily swing the survey in any direction. Any suggestions?