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Strategies & Market Trends : Strictly: Drilling II
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To: pater tenebrarum who wrote (5240)12/12/2001 5:41:26 PM
From: Crimson Ghost  Read Replies (2) of 36161
 
Heinz:

I am not a bearish as you, but I do expect a correction that will retrace about half the gains from the lows.

The most bullish thing this market has going for it short-term IMHO is its ability to rebound repeatedly in late trading from early selloffs as happened yet again today. Until this pattern of late strength is broken, I find it hard to envision the market dropping to any appreciable extent.
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