If I recall correctly, you were quite bearish recently also.
I think many on SI are bearish because of the lack of a re-test of the Sept. lows. Barring that, this will be viewed under the suspicion that it is nothing more than a bear market rally that will ultimately fail.
Fool me once, shame on you, fool me twice, shame on me. This market has fooled people twice already this year, so you have to respect the skepticism.>>>>>
The sept lows may have been a retest of the april lows, that may be our dubya for NOW, your 2nd paragraph explains why this rally is like the energizer bunny, finally after the slide since 2000 everybody is a bear.
yes i turned bearish due to several sentiment and price indicators in mid to late november was shorting the nasdaq looking for a pullback to 1800 to retest that breakout, by last friday i increased my short position, then i noticed the rukeyser on air elves were all looking for a pullback and just about every t/a i followed over the weekend was looking for a pullback, and monday the bears were betting heavily again on the rydex tempest fund, so i exited my shorts positions and went long, figuring this thing was going to break the way it would fool most people.
a gap new high on high volume white candle, excellent a/d #'s is as bullish as it gets.
In 99' we had stuart xeroxing his butt and trading online, and dow 36,000 on the best seller list,
now we have jimmy johnson trying to coax his injured quarterback to get back in the 'game' and nostradamus books have been the hottest issues at amazon dot com in sept and october, and you have dennis michael patterson putting up links to zeal, is this the twilight zone -ggg- |
