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Strategies & Market Trends : Classic TA Workplace

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To: patron_anejo_por_favor who wrote (68131)	3/8/2003 2:53:12 PM
From: ild	Read Replies (2) of 209892

Patron, who is gonna buy the rally if all the bulls are long and all the bears are long? Add to this that bulls need this rally to unload in hopes to breakeven and bears will furiously sell into it. On top of this general public has completely lost interest to stocks and mutual funds are low on cash. IMO with such short time frame it make sense to avoid both long and short positions and switch to puts and calls. BWTFDIK P.S. Look at foreign stocks. They are completely devastated.

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