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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (6805)	10/8/1998 3:21:00 PM
From: Bilberry	Read Replies (2) \| Respond to of 9695

Thats what they want you to believe. Could not have gotten much worse in 1990. The fear in the streets is what sets the bottom. I saw it today on CNBC. The street is bloodied. Not saying the market can't go lower, but Techstocks have already been through a 1929 type crash. Unbelievable values today. Once in a decade opportunity. JMAR HIT 1 1/2!!!!!! WOW! --Bilberry

To: Bucky Katt who wrote (6805)	10/8/1998 4:35:00 PM
From: Starlight	Read Replies (3) \| Respond to of 9695

>>>>It's different this time...It's going to get much worse... <<<I think you could be right. For one thing, the average age of portfolio managers today is 28. (See article posted by MJ Coke a few days ago.) They (and most investors today) have not been through a severe bear market - like '73-'74 when Nixon was threatened with impeachment and resigned. The market is going to be under this impeachment cloud for months to come -- plus, it's taking focus off of other important issues. We've got a world in financial turmoil which adds more danger to the mix. Today's portfolio managers have never dealt with these things. All most of them know is to "buy the dips" and the market goes back up in a week or two. What I'm afraid will happen is that there will be short volatile rallies that drag people in, then the market will sell off again to new LOWS. The 7400 area is very important to watch. Jerry Favors, a very astute technician, said on CNBC some time ago that if 7400 doesn't hold, we could go to 6700 by late October. He's been pretty accurate at calling the market so far this year. THIS IS A DIFFERENT MARKET THAN WE'VE SEEN IN SOME TIME. Don't think that your usual strategies are going to work this time. This one is going to be a lot tougher to figure out. (My opinion only, of course.) Betty