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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: ajtj99 who wrote (64343)5/8/2002 11:27:50 PM
From: Justa Werkenstiff  Read Replies (2) of 99280
 
AJ: I thought you said we would not see 1900s for a few years <g>. All these rallies look like the real deal. That is their purpose. You think they are going to take out max pain on the upside here with all that massive call buying? You think they are going to reward the call buyers? You think support breaks for the SOX, NDX, BTK, SPX and others were aberrations? You think they have the power to take out Abby's island then? What has changed? Chambers going to save the world? Dollar in an uptrend here? Oil prices going down? Did the market make a decent bottom here? I guess that big gap and the white stick at the bottom of the recent downtrend since January 6th is pretty convincing <g>. I tend to look above that pretty stick like so many before it and I see a bear market. You know what the measure of this rally will be? It will be how many shorts decide they need to cover. It is that simple. Food for thought --- many did cover on this down and have been waiting for this rally.
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