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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (37206)	2/6/1999 12:56:00 PM
From: Daflye	Read Replies (2) \| Respond to of 94695

Ditto SE, in 1987 I was a freshman, sitting in Sociology 101 (really) when the prof announced that the market had crashed, I couldn't give a crap cause the girl in front of was soooo cute. I didn't really start to give a crap till I had some money to invest that is. Now 12 year olds are investing. Have you ever seen CNBC when a kid calls in to ask a fund manager advice? Or how about all the CNBC sponsored investment games. Alot of little kids that will probably grow up to be fund managers. Only their height, waistlines, and hairlines will change. heh heh heh Kids don't want to be astronauts, they want to be investment bankers. What a bland world this is going to be if that comes to fruition. Cheers, D

To: SE who wrote (37206)	2/6/1999 1:02:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

It depends what side you were on...I remember obnoxious co-workers who were margined up to their armpits and lost it all in the crash...they thought it fun to torture me because I was out buying $20,000 houses in arizona instead of buying the bubble, and they were sure I was gonna lose my shirt... So I walked up to them after the crash and said "gosh, do you think it's a good time to buy stocks?" They never said a word about my real estate again.

To: SE who wrote (37206)	2/6/1999 1:08:00 PM
From: Vitas	Respond to of 94695

I was watching FNN that day. The Dow was -130 at one point, and then bounced around between -80 and -130 for what seemed like an eternity. Then, finally, -140, -200 and the slide just accelerated. What a day. Vitas

To: SE who wrote (37206)	2/6/1999 3:59:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I agree that history as a subject can get pretty dry...but they (whoever they are) say that those who are ignorant of history are condemned to repeat it. They also say that it takes about 50 years for people to forget what they already learned the hard way once before. I also hated history in school, but my father was a student of history.....and he was a pretty saavy guy..... GZ

To: SE who wrote (37206)	2/7/1999 8:26:00 PM
From: Vitas	Respond to of 94695

>>>my hesitation to get long. I hope we get a nice solid bounce somewhere that is shortable<<< strictly as an exercise in logic, decision tree analysis, probabilities, and risk reward, any rally that occurs over the next two weeks is suspect, because of what has happened in previous slammation patterns. I assume the 55 day pattern will unfold, but there is no guarantee that it will. In the slammations of January 1973 and July 1990 the market made its top and then just kept going lower. As technicians, we all look for oversold patterns in the market. 95% of the time the market holds and goes higher. The slammation pattern is clear warning that a deeply oversold condition in the market in the next couple of weeks could get devastatingly more oversold. The next one or the one after that may be good ones to pass on simply from a capital preservation standpoint, because if it does crack, the percentage loss will be much greater than the potential gain, and with internet and discount broker systems not handling the load, you might not be able to get through to cut your losses. Vitas