Groundhog Day Message Board

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Strategies & Market Trends : Groundhog Day

QQQ 622.00

+0.8%

Dec 2 4:00 PM EST

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To: Challo Jeregy who wrote (2480)	4/28/2002 8:12:33 PM
From: Jorj X Mckie	Read Replies (1) of 6346

C, I don't really know. But here is my thinking, I think that we have another washout coming between now and December. I think the market will get seriously spanked. And I think that it will be enough to cause some real fear. Enough fear that we will have real bull capitulation. We haven't had that yet. There are bulls who are still expecting returns like we had during the mania. And that just isn't healthy. So, I think that we bottom some time this year and then we start a slow and healthy bull move. But, since it will be slower than we are accustomed to, it won't bring us to the level we are currently at. The main reason that I put "lower" down is that it would be misleading to label me as a bull when I do think we have some serious downside coming up...even if we ended up higher in 18months. I hope that I am wrong. I would love for the bull to come roaring back. My potential upside in a bull mania is many times greater than what I can make trading short.

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