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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: wlheatmoon who wrote (62420)9/16/1999 4:22:00 PM
From: pater tenebrarum   of 86076
 
what's more, the market has come back every time it looked like it was on the brink of breaking down. i suppose today's early action tempted many people to establish new shorts which may be covered as soon as we begin to bounce off support yet again...and then there's the cycle work indicating we have further to go before this thing finally tanks. as crazy as it is, they bid up selected nutz once again and usually when the mania stocks do well, the mania is doing well. it really looks like another stay of execution for the bulls. however, if we rally from here, i will continue to short the rallies - the awful internals and deteriorating fundamentals WILL assert themselves eventually. if you're bearish, keep some powder dry and don't go whole hog right away, then you should be o.k.
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