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Non-Tech : Raptor's Den

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To: Shack who wrote (4993)	11/1/2002 11:01:51 PM
From: rogermci®	Read Replies (4) of 10157

>Next week, I will be 100% short.< You'll get buried dude, you're on the wrong side of the market. The 1982 rally ran 3 months before the die hard bears came around. Your technicals don't mean crap when the trend changes. The tape points up. In this strange, heavily shorted environment a rally has developed. In this rally, there's a ton of amateur shorts and short hedge funds out there, who are marginal players. Many are what I deem "weak hands". The market is sensing this and is starting to steamroll their positions. My view has nothing to do with whether I believe equities are undervalued (I don't). My view has to do with the way this particular rally is beginning to work. I've only been doing this shit for 29 years so take it FWIW.

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