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Non-Tech : The Woodshed
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To: SwampDogg who wrote (15502)10/27/2004 3:40:43 AM
From: Kailash  Read Replies (1) of 60910
 
Was the rally "bogus"? If you have real optimism, you get accumulation when the market dips, market makers try to keep the price down while they amass shares, then they let it rise and dole them out. Today's housing stocks just shot up, the way you do to take out shorts. I look at the charts and just can't believe this is a new trend -- it's like a fish on the hook, flailing to get off.

It would be fun to see a real drop this week -- catch the wave and surf it down. But the pattern says we're turning, we're headed up, some good news will be found to justify it.

Cheers,
K
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