Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 451.15

+1.6%

Jan 22 3:59 PM EST

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To: velociraptor_ who wrote (21389)	7/29/2002 4:29:39 PM
From: Dave Gore	Read Replies (1) of 26752

V, I love your analysis. The ONLY reason I would question it in the very short term is the power of EMOTION. It can temporarily create insane buying or selling and be very powerful. On the bullish side, there are many shorts that think the rally will not go any further. I mean the DOW is up a lot and it should fall back hard. But what if it doesn't? There are also bashful "longs" that have not dipped their feet in the water yet. IF the market takes off, it may cause the shorts to cover like crazy and those who don't want to miss the rally to jump in big. It could feed on itself and T/A goes out the window for a time. This may sound crazy to you, but it is possible. Not likely, necessarily, but possible. Keep up the good work.

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