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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (28695)	6/19/2001 9:39:36 PM
From: Electric	of 37746

Interesting counter point or two.. I recall about 10 days ago I was getting frustrated with the run we were having given that we had limited visibility etc..and nobody wanted to hear it..we were heading to 3k all the other crap, and that was said on this thread..people here were turing bullish..admit it those who were guilty.. What I am seeing the last few days is that the average investor on SI is turning bearish, very bearish..also the news is horrible and there is alot of gloom/doom in the market.. Past history speaks that when we start to bring J6P to one side of the market, usually things reverse opposite.. I also note that the P/C ratio is getting higher and the VIX is getting high. Also the trend of selling off into the afternoon is getting popular.. It wont last, things wont keep dropping like this, so enjoy it and play it with the same discretion that you play when long...stops etc.. I know things are horrible, but somthing tells me we are going to go counter trend soon... Capitulation is getting close.. Careful you joyful shorts..lol

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