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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (85086)3/25/2001 9:33:37 PM
From: Terry Whitman  Read Replies (1) of 436258
 
Yes that chart looks scary- and indeed this market may take many years to hit new highs. That said- Three rate cuts and 8 consecutive down weeks both suggest a bullish outlook for the next 12 months.

Unless things start to fall apart e.g. the 1930's, I am staying away from the short side from here out. I may miss a spectacular bottoming process- but hey, I missed out on the spectacular topping process on the long side... and I don't regret it in the least bit. <g>

Regards,
TW
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