Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Michael Bidder who wrote (3078)	9/26/1998 4:21:00 PM
From: Peter V	Read Replies (1) of 4634

Michael Bidder - ALthough I tend to disagree with Bill about the general market direction (bwdik), I think the point here is that stampedes to the exits (or entrances) usually occur by surprise, when there is general bullishness (or bearishness). This is due to the fact that there are no buyers and everyone is selling. Lots of people have prepared for the bear here by shorting, and those people will be buying on the drops, which will soften the correction. The reverse also tends to be true, when the bears are set to go, uptrends create only buyers as the bears panic and unwind positions, no sellers. That's the theory, anyway, but I'm leaning towards the bear due to forces external to the US market. I'm hardly a market forecaster though . . .

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