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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (41321)7/2/1999 8:50:00 AM
From: donald sew  Read Replies (2) of 94695
 
Bill,

As you know I have turned short/intermediate-term bullish, but since childhood I always cheered for the underdog. ggggggggg

Although my current stance is in contradiction to yours, I cannot ignore the issue that so many have turned bullish including myself. The MDA thread which had many bearish overtones have now turn more bullish.

decisionpoint.com

The PUT/CALL ratio is heavily weighted towards CALLs.

I was with a large party last night, and many were talking about how strong the market was and that many of them are just about to break even. They were also saying that now they can make the real money since they have recouped most of their paper losses, expect for the few in this party which had internet stocks.

Although I am preparing to go long, I will not ignore this over bullishness.

seeya

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