Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.080

+0.7%

Nov 5 4:00 PM EST

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To: Arik T.G. who wrote (728)	10/9/2002 11:19:35 AM
From: Hawkmoon	Read Replies (2) of 793

I think you're right Arik.. We're due for a major trading rally in the Nasdaq: bigcharts.marketwatch.com We might need to see 1,000 first, but I'm not sure if we see that on this leg down.. But BEARX is getting overbought on the weekly chart and should eventually see $7 again, which might prove a buying point: bigcharts.marketwatch.com But I would hedge that and suggest that BEARX might have one more good run left in it, depending on how Tice is positioned short in the DOW stocks. The Dow, if it follows the monthly trend line, COULD see 6500 before the end of the year is over, but I think we're in for a rally first to the top of the monthly down channel first: bigcharts.marketwatch.com And we should not forget seasonality... End of October.. wash sales for tax losses.. and then what I perceive as a major January effect and end of year rally that carries into the next through March or so.. Hawk

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