DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: ams who wrote (16162)	7/12/2002 3:54:45 PM
From: TraderAlan	Read Replies (2) of 18137

Every BIG IMPORTANT bear index pattern picked up by the gurus and press over the last decade never happened. Head and Shoulders are the biggest culprit. Folks don't remember but we were in the same scenario in 1999 with Net stocks. Started the biggest rally in market history. The SP-500 H&S is much more a bull signal than bear signal. The 40+ VIX doesn't hurt either. It makes people post articles like the one you list ;-). I've been buying in here for my long term account and selling short and day trading the short term one. I think there's a ton of moola to be made on the long side in the next few months. Then we may go all to hell, and I'll sell short with everyone else. But in here I'm getting more bullish by the day. Alan

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