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To: Rarebird who wrote (28594)2/20/1999 7:23:00 PM
From: Robert Sechrest  Respond to of 116896
 
>> I agree with you. But don't expect a major down turn right away. The Bear inflicts the greatest damage at the end, not in the beginning. <<

I agree with both of you. But in order to maximize the fun, maybe the Bear will give us a sucker's rally to remove that last bit of doubt from the minds of the online-daytraders / gonna-invest-now-buy- a-porsche-later crowd, before ripping the guts out of the Bull.

Somehow, the market seems to separate the most money from the greatest number of people. The path of least resistance may be to go up dramatically, make nominal new highs while technical indicators continue to scream SELL!, then show us what a bear market truly is. Separate the Bears from their money, then the Bulls, starting next week.

I'm hoping I'm wrong, because some of that bear money lost would be mine. The trick might be to be have enough uncommitted cash to ride out the storm. Kind of like buy-and-hold, dollar-cost-avg-down in reverse. Sure be a lot easier if they rang the proverbial bell at the top. :-)

Regards,

-- Robert