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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: robnhood who wrote (111536)7/6/2001 11:01:01 PM
From: James F. Hopkins  Read Replies (2) of 436258
 
I recently checked out a few bull/bear funds..every rally we had from April
has not been the result of BUYERS..each one has been the result of
the poor timing shorts have.
So no we are not in a bull market, but the shorts are still timing the
market wrong and trying to play catch up.
I pointed out last week that the low VIX was more due to the
fact that so many people were short, & if your short you don't
buy puts. Today they shorted more & every thing they could at any price &
to anyone who would buy, ( they can't short when there are no buyers )
and there was a buyers strike. ( except for a few nuts like me )
The nadaq trin was over 5 yesterday 5.8 today, but that's not what
was reported.

Advances 1148 (28%)
Declines 2515 (62%)
Up Vol* 107 (7%)
Down Vol* 1311 (90%)
---------------------------------------

( 28/62) / (7/90)= 5.806...
I've never seen 2 days over 5
that didn't bounce within a day or two.

If it don't then I'm getting my money out of money markets
and all..as they are going to fail & everything else is too
I'll put it this way, if every thing melts down to far,
not even the shorts wind up with anything..
Except an IOU from a defunk money market fund.
A crash takes out the insurance companies too,
& the FDIC pays off with dollars that are worth next to
nothing, and the only way out is WW III
Jim
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