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Strategies & Market Trends : Galapagos Islands
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To: quote 007 who wrote (49460)12/11/2003 10:55:58 AM
From: PuddleGlum  Read Replies (1) of 57110
 
That all depends on your perspective. If you're looking at 3-5 days, then probably not. My bullish percent was at 6% yesterday, but that's down from nearly 34% 7 days ago. Typically we don't get a big swoon so soon after a peak that high. I'm expecting the next peak to be under 10-12%, which will do nicely for a multi-week shorting opp. So, meanwhile, until we get that smaller peak, I'm rationally exuberant.
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