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Strategies & Market Trends : The New Bull Market.

RMBS 98.04

+1.8%

Dec 3 3:59 PM EST

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To: Rich1 who wrote (1053)	7/25/2002 7:26:41 AM
From: GROUND ZERO™	Read Replies (1) of 1750

No, I changed my mind... I'm going to stand aside and wait for another shorting opportunity... this rally could go for some time and I don't want to get hammered... now that we have some kind of low in place with a good outside day, I want to see what the market does with it before I take either a long or short position...yesterday's move was the second largest gain in history... it doesn't mean anything in and of itself except that it worked off an incredibly oversold condition in one single day... we could continue to rally or just have a bunch of inside days followed by a minor rally, and then new lows... I still expect to see yesterday's lows taken out, but it may be a while now..... GZ

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