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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (64495)	1/24/2003 1:59:45 PM
From: The Freep	Read Replies (2) of 209892

funny you say that, tooearly. I was also seeing rampant bearishness. However...while I can come up with a few scenarios that say we bounce around here... I can't come up with anything more bullish, barring a news-shock. Also, I sense this bearishness is not giddy bears... more a "well, I'm in... and let's see how far this goes." While this and a few boards lean bearish, even today's put call is hardly showing concern (though the VIX is). A bounce of some sort to annoy the bears and embolden the bulls seems likely, but I can make an equally good case for relentless selling, too. Makes it hard to know what to do, other than try to limit risk somehow. it will be interesting to see the COT today, as last report, they were surely not bearish on the NDX. Wonder if they changed? the freep

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