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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Perspective who wrote (40897)11/27/2000 7:54:22 AM
From: AllansAlias  Read Replies (4) of 436258
 
In wave three there is nowhere to hide.

Good bumper sticker material. You make good points and we agree we are in three. I did not mean to say we would have a rally lasting many months, only that we could easily get a rally/range lasting longer than many here would easily believe -- when we put in a bottom mind you. Two things are true that we might agree on regarding these historic declines -- prices go lower than people will believe and rallies/ranges can last longer than bears would like (eating away at premiums and/or immobilizing short capital). As an example, I would not have guessed that we would rally off the May lows all the way into the Sep 1 top.
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