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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (49138)11/6/2000 8:43:25 PM
From: blitzfund  Read Replies (1) of 94695
 
Hi GZ,

You may be correct, although I would like to share my view.

Between September 18th and October 6th the S&P 500 bounced around between 1460 and 1420(about three weeks of people attempting to locate the bottom). Then between October 6th and October 31st(another three weeks) investors had to be put through the ringer, others bought or covered shorts.

So after sweating it out for about a month and half the first group is finally seeing the light of day. I don't believe the lucky investors (the ones who actually guessed the short term bottom) are going to allow the first group this luxury for long.

BWDIK
Blitz
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