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Strategies & Market Trends : Classic TA Workplace

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To: pater tenebrarum who wrote (302)	4/19/2001 12:49:27 PM
From: AllansAlias	Read Replies (3) of 209892

The rise has been phenomenal, no one disputes that. But we went far too quickly (in a couple of weeks) from worry, to skepticism, to belief, to a buying panic. Just freaking collapsed. The lows in non-tech were not that low, but the slide in the NASDAQ should make anybody with half a brain stand up and say -- "Wait now, this isn't right." It just seems that we gone right back into mania mode. Do you have a read on the Rydex numbers? Bet folks are trampling each other to get long. The Americlowns have been selling and that's a strange signal. The credit creation/printing of recent months defies description. It's reckless. Now they cut rates in a market that's moving up -- a good move to try to solidify a bottom. They have pulled out all the stops on the Reinflation Express. This is it -- they are shooting their wad. If we do turn, and I still think we will, a new set of lows will destroy confidence.

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