Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: brightness00 who wrote (3278)	11/5/2001 7:09:05 PM
From: ajtj99	Read Replies (1) of 99280

Jim, do you disagree then that an essential element for the end of a bear market is a double bottom? If I recall correctly, that's a pretty fair technical rule. If we keep going up here, it will only lead to a larger drop in the future. Also, remember that many of the MM's are the same people who are pumping the stocks with those timely "upgrades" to keep things moving in the correct direction while they prepare for the inevitable dump. Most of the unbiased pro's are expecting a double bottom, so the more people that can be suckered into this rally, the more shares the MM's can unload on them while they short the top. That's the basics of distribution. The MM's know which way this is going to go. Don't let them sucker you.

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