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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (6015)1/11/2001 2:09:58 AM
From: Sword  Read Replies (1) of 19219
 
Lip service is right. Today I met several people elated that the market was up two days in a row. Do these folks have their money in shorts? No. Do they even have their money in money markets or bonds? No.

When the market is up and people say, "big deal", shrug their shoulders and change the subject, then I'll know that the bottom is near.

I am as bearish as ever. Until then, I short stocks with astronomical valuations, like JNPR and RIMM.

-Sword
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