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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (12142)	9/5/2001 1:34:06 PM
From: AllansAlias	Read Replies (2) of 209892

Of course it looks screwed. Still, it is the central conundrum of this market, for bears at least, to stay short in the face of oversold. The same screwed up policies that make bulls complacent makes bears scared. When a decent bounce starts, and it will, we'll all see why after the fact. I guess what I am saying is that we are reaching a point of recognition where pretty well everyone sees how screwed up this is. It's been a long 4 months and the bulls had a few chances to run hard in that time. Now they are back at the bear party with all tech their gains gone, as well as most of their non-tech gains. We all agree that fear has a ways to go for a multi-week rally, but we are close to where it could be a decent multi-day rally. So, do you stay sold and hope the dessert is rich (that's called a crash) or do you lighten up and go with the odds?

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