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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: mishedlo who wrote (47200)4/4/2002 7:14:08 PM
From: sylvester80  Read Replies (1) of 99280
 
The frustration I spoke off is the fact that during the last 2 days the bears have failed to close the index below the up trend line, even thought they intra-day broke it. That's frustration my friend. No matter what happens tomorrow or the next day, bears are just as jumpy as bulls right now (and even more so considering the low volume). Cause all it took both times at the close during the last two days, was the scared shorts covering to bring the market back up. And with that many jumpy shorts out there, I view it as a bullish indicator. The conviction right now of both the bulls and the bears is equally bad IMO, no matter what certain perma-types are saying over here. The nice fat long term gains on the bear side are gone. The current bears are just as scared right now as the bulls, if not more so.

JMHO.
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