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Yup, I agree .. no reason to be long .. every reason to be short .. no hope
for the near term, over-all market and damn little for the long term. Tech
charts prove it.. the wave count proves it, the star charts prove it, the
gann theories prove it and the good old common sense fundamentalist
approach proves it. Everyone agrees .. So, I'm 85% in cash with no short
positions. When it looks this easy .. this good.. this simple.. this
logical, this old guy goes fishin. :))
Bob
At 08:59 PM 10/14/01 -0400, you wrote:
>OK, I was the Bull three weeks ago, but as I said last Thur., I'm
>reversing. I keep thinking about all the jobs that are still being lost
>and the fear most everyone I talk to has about their employment. I was
>even sent an email from the company I worked for, and they announced an
>across-the-board wage cut of 10% and indicated that the policy of
>warning employees of layoffs three months in advance was being cut to
>one week. Under such circumstances, can consumer confidence hold up?
>Vacation travel is still in great jeopardy; hotels are hurting
>everywhere even though they're offering great incentive packages. This
>is rippling forward to affect restaurants, taxi services, booking
>agents, resort owners, and others in this industry. I'm sure home buying
>will also be hurt, and this will affect all the secondary industries,
>such as appliance and furniture manufacturers and retailers. With
>diminished air travel, this has to impact sales, as well. The
>entertainment industry is being hurt and the anthrax scare is causing
>additional disruptions. I'm struggling here to see any positives. Am I
>wrong or is this beginning to look like we have a real problem?
>
>--
>Ralph => E-mail => rjv@xxxxxxxxxx
>
>
>
>
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