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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (5382)	2/3/1999 10:57:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 99985

LG, In regards to Richard Byrd's commentary: My take on why the 'bears' were coming out recently on this thread was due to the fact ... well ... take a look at the SPX or the NAZ or the DOW ... notice anything since october 15th? up up and up I mean that's my take on things ... (only so much money and so little time) people have to take a profit somewhere Sean

To: HairBall who wrote (5382)	2/4/1999 8:12:00 PM
From: Richard J. Byrd	Read Replies (2) \| Respond to of 99985

LG: <If you believe what you posted, why do you bother to read this thread?> Hey, Whoah. Its a great thread and I thank you for staring it and keeping it up. It is the tendency of all of us to think things are going to be great when they are great now, and to feel the market is going to keep tanking when it tanks for a couple of days. My point is that for ten years, every prediction of market collapse has been drastically wrong. Buying heavily at every dip for ten years would have brought big profits. Therefore when I see the substantial number of posts on the thread that predict a 2,000 point drop when we lose 200-300 points, I just have to remember how many times I've heard these predictions in the past and every one has been wrong. Can it happen? Can the big BK happen? Of course it can. But so far you've gotten rich if you've ignored those predictions and just bought the dips. Dick