Zeev's Turnips - No Politics Message Board

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

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To: Softechie who wrote (5869)	11/15/2001 1:24:20 PM
From: LTK007	Read Replies (3) of 99280

a possible scenario--techie a ton of money is being crammed into the market--that sideline money is shrinking---at some point market will hit price where a buyers versus sellers balance will shift and a sell-off will commence.With so much sideline money already in i don't see much dipsomania action occurring.I see support points only where shorts start covering for profits. I await next week with much anticipation to see just how far this overbought overvalued speculation market can run. that's one opinion.Max p.s. also ,another sharp downturn will have a greater negative impact on consumer confidence than ever before ,imo.As i think public itself will be more shaken by another down turn in the face of so much hype--sooner or later they will just say "to hell with it" i am really going to put my money under my bed this time.That is one possible scenario. I myself am watching the oil situation as i feel if the price of crude does crater it won't be for long.

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