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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (5775)10/5/1998 11:01:00 PM
From: Bruce A. Bowman  Read Replies (2) | Respond to of 18928
 
Hi Tom- Scarey ride today, wasn't it? Then the Dow gathers most of it back in the last 30 minutes. But the Nasdaq didn't see it so optimistically. At least my life is simple these days: just wait for a recovery. But simple doesn't make it easy!! :-) I sure hate being out of the action. Down markets are definitely easier to take when you have some cash to do some buying.

Some crystal ball stuff: one source says that today was left over chaos from a low that would have occurred on 10/3 had that been a trading day. Another says this isn't the low and that it's still ahead of us by 12 days, then a possible rally. If you're into alchemy, take your pick. Of course, predictions like these are always worth exactly what you pay for them.

Bruce