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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (8174)	12/28/2000 11:47:39 AM
From: Boplicity	Read Replies (1) of 13572

More days like today are just what the bullish market gods need to feed their bullishness. I like days like today, slow steady, they compound as the eat away at the bears conviction. It's much better for the bullish case to see string of days like today then spikes and then failure. It's all about building support base for the bulls to stand on. The real test will be when stocks start to hit against upper channel lines for those that are still in downtrend and others it will be resistance that was established when the greenman went to defacto neutral. I suspect the correct time to attempt a bearish stand will near the middle of next week after we get by the establishing of positions for the new year. The next significant drop in prices, if it's happens, will be the tell on whether the market as in fact bottomed. Greg

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