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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: allen menglin chen who wrote (4147)	1/8/1999 1:52:00 AM
From: Bill Wexler	Read Replies (2) \| Respond to of 4634

<<How did you make that brilliant conclusion?>> Not brilliant. Just an observation. As far as being close to an intermediate top, we may just be. Supply/demand imbalances don't last for long and I'm afraid that the internut investors are soon going to be filling the chat boards with their theories about MM conspiracies and short-sellers "driving" the prices down as they watch their temporary wealth melt away. The early investors and long term holders will end up OK, as well as new investors who have the fortitude and cash to buy on the pullbacks - coupled with the patience to hang on. On the other hand, the vast majority of margin gamblers are about to be taken to the cleaners. Over the longer term however I believe the market is still headed significantly higher.