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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who wrote (3118)7/6/2002 10:47:39 AM
From: Lone Ranger  Read Replies (1) of 30712
 
Jeff,
I came back to reread your excellent post and especially after watching Bulls and Bears this morning. I can't believe the bullishness proclaimed by the panelists there. Personally I think sentiment is a huge factor in market moves. As you said, "most won't short down here....so it longs only and knife catching if you don't believe in the retrace..." This implies and rightly so, that there is some kind of bottom in place and people don't think it will go lower as it has has gotten so low now. What a joke! So many people still looking for tradable long rallies in a mother type of all bear markets, just after the greatest bull market rally in history is suicide for equity money. People need to really start thinking about preservation of capital as bullish sentiment in an objective bear market, just means a bigger crash is coming. That excellent post caused me to think through a few things and I think you're right on.
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