Ask DrBob Message Board - Msg: 14602819

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	10/17/2000 8:31:10 PM
From: FLACK	Read Replies (3) of 100058

If you have been having some success shorting for the past couple of months, please consider boxing your favorite couple of dogs. I have a feeling we haven't seen the worst of what this market has to offer yet. We haven't seen capitulation volume or panic selling but I believe it's coming this way. For the scrod fishermen, there has been no follow through... buyers see only brief technical runs then failure. The only follow through has been on the short side. The true believers may be in for a wake up call of biblical proportions. This market is at a point where I have not seen it in years. It's not like last October or the one before that or the one before that... it looks very serious to me. The nets have been crushed. The chips are taking it on the chin. People are buying into Biotechs as an alternative... leaving one dream for another. If this market dives - and I think it will - you won't be able to get short unless you're lucky or boxed. If I'm correct, the day will come when there will be no upticks. I'm betting we will experience a horror that will slice the thirty-something fund managers off at the knees. Having said that, the market may prove me wrong - after all, I'm just a day trader.

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