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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (19968)	7/7/2001 10:19:58 PM
From: Kailash	Read Replies (1) of 30051

Hi Zeev, I've watched with astonishment how you have dared the devil and the deep blue sea waiting for a bounce that never came -- but luckily getting out before being hurt too badly. You look much better in that bear suit than when butting your bull horns against the market! <g> Your past week of trading qualifies as reckless -- I say this tongue in cheek, realizing you move gingerly even when playing high stakes. We did get a thorough bounce off 2000 mid-month, but it was no more than a set-up in preparation for that drop you'd foretold would come by the 4th. As usual <g>, we get it a week later. Your optimism was entirely misplaced -- and I don't see why you kept it, since there were so many signs this was a false rally -- not to mention that several of your friends on the thread tried their best to warn you! Oh well, we would of course have shut up if you had turned out to be right. Larry "the sound of one hand clapping" Dudash maintains the only defensible position in the matter of prognostication. The recent drops on the Nasdaq have been extremely rapid and Monday is looking BAD! It is with great regret I note that you never go short; being short creates a warm and fuzzy feeling when the market tanks badly, like a phoenix rising from the ashes... A gap down to 1950 and a drop to 1850 should bring us up to date on Monday. After that, we should have a creeping rally, feeding on a kitchen-waste diet of good news, as you earlier predicted. Is this still what you're reading in your turnip leaves? Kailash

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