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Strategies & Market Trends : Shorts waiting to happen
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To: Cadaver who wrote (811)11/17/1997 7:49:00 PM
From: Johnny Canuck  Read Replies (1) of 852
 
Hi Cadaver,

Does that that mean you will soon be going long or is this
still only a bounce before the next wave down.

I have the impression that we need to go down to test
the low one more time to clear out the last of the bulls
before we can go higher.

The current rally looks like it is on light volume
for the most part. The institutions don't see to
be buying even though October had the 4 largest
in flows of money this year. It will be interesting
to see how long they can stay on the
sidelines.

Regards

Harry
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