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Pastimes : Home on the range where the buffalo roam

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To: rx4pain who wrote (9659)2/2/2001 11:17:06 PM
From: mishedlo  Read Replies (1) of 13572
 
Well I am about as bearish as one can get. about 50% PUTs in my IRA.

Almost all are above water (some well above water) from where I bought them.

I think we get 3, possibly even 5 down days in a row.
Best guess is 4 counting today.
I will watch the TICK counts now.
I would like another down day like today without any fear
(-600 tick).
I think we are good for at least 2 -1000 days before a relief rally kicks in.

If we show no fear on monday on a down day, that will bode well for a nice string of bad days. People have once again been conditioned to "buy the dips". It will take a while to break this bad habit (old habits, foolishly re-learned will take a while to break IMHO).

M
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