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To: Elwood P. Dowd who wrote (34371)10/9/1998 12:43:00 AM
From: daaan  Respond to of 97611
 
Everyone sounds pretty bearish, isn't that bullish?

Wall Street has talked the last buck out of the publics pocket now they are trying to talk the last certificate out of every pocket. The same guy (Ralph) set unrealistic goals on the upside (10,000), gave the market it's last goose, called his trading department, told them to go short, went back to the squack box and announced the the market is going down. Today he set unrealistic goals on the downside, throw a little gas on the fire.

Earning all those golden crumbs and making bucks on the way down, what a deal.

This market will tank til the buy hold crowds signals they will buy and take the stock out of circulation, witness Dell action today and the possibility of the leader of the buy and hold crowd, Warren Buffet, was taking a piece of ML. (You know ML: where the bull is just the half of it.)

I'm not saying that this market should not have gone down, but it was far more predictable then the street leads on.

It was nice for CNBC to announce when ML was up a point. If you listen hard every so often they throw you something you can make a buck on not just predictions from vested interests.

Summary I think we have tanked enough and we rebuild in zig zag pattern to the upside. With plenty of volatility to keep those crumbs rolling in.

The Paqman will have earnings of .06 with a positive CC.

It is easier for me to write with certainty but this is just my guess du jour.

I enjoy this thread, if your still reading thanks for hearing me out.

Best Regards, Daaan