Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (25948)	2/9/2003 1:53:43 PM
From: Perry Ganz	Read Replies (1) of 57110

Their just are not any buyers right now. I think the only thing keeping this market from collapsing are shorts covering. Bullets will provide a little relief and playable long side rally but it will be short lived. One glimmer of hope that I saw last week was that consumer debt retracted (very volatile number) the last couple of months and savings increased. I know its nothing to hang your hat on but maybe its a start of a trend. Being a bull by nature I am always looking for a sign. But the sign of a real bottom will be when volume contracts substantially and we trade sideways for months. Capitulation will not happen at the ultimate bottom. People will forget about the market out of shear boredom. Maybe years away. JMO Perry

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