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Strategies & Market Trends : Sharck Soup

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To: cyanideinvestor who wrote (11308)	3/11/2001 4:23:59 PM
From: velociraptor_	Read Replies (2) of 37746

Larry's prediction is certainly supported by the charts, as well as a host of other economic factors and indicators. I can also say that I am positioned for it, but...however, I never take such a drastic move as a given. I'm ready to cut loose and go long when it does not happen and I have not overpositioned myself for it either. I have been following some very good market timers lately and I think most of the time they are right on in hitting dates for highs and lows...the problem is how high and how low are these points? So, in other words, I am seeing a low on Monday and then a high a few days after. Does that mean we crash Monday and then bounce for a few days? Or does that mean we hit a minor bottom, rally for a few days, and then crash? Or maybe not even crash....hard to say. That's why you should never allocate too much to any one play, and also take support and resistance levels one at a time. In the crash scenario there are a few support levels on the way down to the ultimate target of 960 for the S&P for example, but I will be looking for bounces at each one on the way down because 960 may not be reached. That is how I am viewing it

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