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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: American Spirit who wrote (90759)4/6/2001 6:49:31 AM
From: AllansAlias  Read Replies (6) of 436258
 
Sincerely, what is your problem?

The NASDAQ is down 70% or so and just bounced a small amount of that in a single day. We are nowhere even close to "blasting that mentality to pieces". Rallies happen on the way down just as dips happen on the way up. Did you get all bearish on the way up when a stock dipped? No, you took it as a chance to buy. What do you think bears do with these rallies.

We like rallies. If there are genuine looking, then most of us climb on board long to get some of it. If they look vacuuous, we take the opportunity to short at better prices.

The smart money, the commercials, are heavily short. It's there for all to read. The little guys are long. Historically, who do you think is right in such cases? This is not an emotional or ideological issue. It's just boring reality.

The mere fact the people are so eager to call bottoms or tuant and go mad after such a pathetic and brief bounce is only more proof that the market is nowhere near a bottom. Again, this is a simple historical fact.

Why don't you drop back and taunt when the NASDAQ has made it back to some reasonable level where bears might actually begin to worry, say 2300 or so. In the meantime, your musings about market turns and bears getting blasted is no different whatsoever that the other 30-40 permabulls we have had drop by in the last 7 months since NASDAQ 4200.

Cheers
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