Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Rich1 who wrote (35600)	5/25/2000 12:35:00 AM
From: Alan Smithee	Read Replies (1) of 63513

What has changed to make anyone think that this rally will be the turning point and we'll reverse up from here? Interest rates are still a major concern. We're just now beginning to see the results of a series of 7 hikes. Hate to say it, but this looks like a grinding bear market. Seems to me the best strategy for making money here is to buy at support and bail if support is breached. Then sell at resistance. Or short at resistance and cover at support. Nothing's changed. We need to remain cautious until a clear reversal of trend is in place.

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