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To: Lucretius who wrote (7164)2/4/1999 10:17:00 PM
From: Copeland  Respond to of 14427
 
Something stinks on Wall Street. Lots of irrational, small-time panic selling today. No control. We may consolidate today, but I have a strong suspicion that we might bounce tomorrow.

For a crash to really happen and STICK, rather than a correction, we need lots of small declines -- lower highs and lower lows for a while, then a sudden breakout down. Unfortunately sudden panic selling tends to bring in the dipsters unless it occurs over a number of days, whereupon the bulls finally get the hint.

Hopefully I'm wrong. After all, the Hang Seng is down like 2.5% at the time that I'm writing this.