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I'll wait till my indicators get oversold. As strange as it may seem many
indicators have just reached the mid range on the way down. I'll need a little
more evidence before I commit long term money. Ira
RAY RAFFURTY wrote:
> Hi All,
>
> This is very typical at the end of a down move, as the last of the
> week hands get scared and sell their best companies at the low for a big
> loss. While the market may still go lower and I may still be short with my
> short term trading, starting tomorrow I will be buying with my long term
> money. IMHO the last 2 days have been a blow-off decline, though I would
> have liked to have seen higher volume.
>
> The U.S. will not slip into a depression, Japan will solve it's
> banking problems (just as the U.S. did), Russia will not return to
> communism. The only thing left is a picture of a bear on "News Week's"
> cover for a perfect contrarian entry.
>
> Good luck and good
> trading,
> Ray
> Raffurty
>
> -----Original Message-----
> From: Ira <ist@xxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Thursday, October 01, 1998 11:50 AM
> Subject: Re: GEN: STOCKS YESTERDAY
>
> >On the run up in the snp this year, $526 billion, 12 stocks counted for
> >all of it and more. The remaining 488 stocks combined barely broke even.
> >Those 12 are now giving up the ghost. MSFT,107.7: Wal-Mart.64.8:
> >LU,55.6: Dell, 54.2: csco, 43.5:GE, 43.2,etc. The numbers are in
> >Billions of $. Source is business Week.
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