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Strategies & Market Trends : Sharck Soup
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To: DlphcOracl who wrote (16668)4/18/2001 12:01:05 AM
From: velociraptor_  Read Replies (2) of 37746
 
Agreed DLPH....the market has essentially turned a blind eye to the truth and I did not anticipate such a reaction either. The market is grossly overbought at this point, however, I see the pressure building for a potential massive blow-off due to short squeezing, panic buying, etc. The rise could be limited, or it could go a bit more. No point in going in full force just yet.

Something else to consider...18 months may be long for a bear market by historical standards, but the bull market since 1982 has als been by far the longest and we are correcting this.
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