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 (733)	10/18/2002 4:49:21 PM
From: Hawkmoon	of 793

I wouldn't advise purchasing BEARX at this moment based upon technicals. The Bond bubble is crashing and money if flowing back into stocks from hedge funds scrambing to reverse their position (according to rumours) fron short stocks/long bonds to the opposite.. And the monthly DOW chart indicates this rally could have legs if it doesn't reverse and break below the neckline on the right shoulder of this H&S: bigcharts.marketwatch.com The Nasdaq is due for a major rally as well, maybe up to 1700: bigcharts.marketwatch.com Now the SPX looks a bit more concerning... It could still go down, and that would obviously put pressure on the other indices. But it could head back up to bounce it's head off the 1,000 mark. The Unhedged gold index looks pretty shaky as well: bigcharts.marketwatch.com As does the XAU: bigcharts.marketwatch.com Which leaves BEARX looking like this: bigcharts.marketwatch.com Odds are that BEARX will see $7, and likely $6.00 before it finds any support. Hawk@my.02worth.com

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