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To: waverider who wrote (5573)	11/23/1998 10:23:00 PM
From: Broken_Clock	Respond to of 14427

Diamond, from my experience (FWIW!), it takes about 2 years for homeowners to "get it" that the market has topped out. Then they go through a learning curve as the market keeps dropping out from under them. The smart sellers cut their losses early and get out quick. The stock market seems to be very similar. I expect that many buy & hold types will be holding AMZN at $5 2 years from now thinking it will go back to $190.

To: waverider who wrote (5573)	11/23/1998 10:27:00 PM
From: Lucretius	Read Replies (4) \| Respond to of 14427

I'm targeting 9700 to 9800 in the next few days and then BOMB. More than likely it will just DROP w/ very few pitstops along the way. I'm targeting DOW 5000 for the first leg then we get a bounce that lasts more than a few days. Many that exited this Summer will no doubt hop back in for the short trip to the high 9000's only to get left high and dry when the END comes. That's how the mkt works... those that bailed at 8900 are feeling as if they made a mistake and should get back in... the mkt will give them just enough time to get in before rolling over. This mkt is a powder keg waiting to be lit... what the match will be and on what day.... only God knows. When we break the trendline we are on (going back to the lows in Oct)...... LOOK OUT BELOW. Last week I rolled down and out any Jan 99's that I owned to April's and May's (wish I had done that a month ago?). Hope that's enough time? we'll see? Although I added some puts today (that could have been a mistake)... I won't add anymore until the mkt puts in a key reversal day. which could be soon. -Lucretius

To: waverider who wrote (5573)	11/23/1998 10:55:00 PM
From: Challo Jeregy	Respond to of 14427

Diamond, I came that close to hitting the button on AMZN this am when it was up 7. I thought "already up 7", well, let me see how the market moves. This was at 10 est. BTW, that 7 was just about the gap open. Didn't realize until another 30 minutes had passed that I had just missed a great trade! Probably would have sold when it was up 20. Can you believe it??!!! Up 37+!!! I would have taken 20, happily!!!! But noooooooo. Didn't trust this flippin' market!!!!!! Probably the last time I get a chance like that again for a while, or maybe tomorrow <gg> (Couldda got my new pc with that move :( Watching cool, gnet, athm, gblx tomorrow.