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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who wrote (68917)10/29/2002 2:39:20 AM
From: heehee1  Read Replies (2) of 100058
 
Drbob.. In this criminally charged market, I think being in the minority camp may prove to be wisest. As I myself think there is a good chance they can ramp the COMP to 1500/1600, the DOW to 9500, I leave the window open to the "pull the rug under everyone trick" as a possibility too. Something is very smelly going on with this rally. It doesn't seem right that we rally 20%+ without a pullback like this. And amidst looming bad economic numbers, and warnings galore.
I'm sure you've noticed 50% of the run is from overnight gaps. Conveniently so since it much easier to manipulate a ramp while everyone is asleep.

I don't blame you for being suspicious. So it wouldn't surprised me at all if we fall precipitously after the election to hit lower lows.
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