To: PaperChase who wrote (74015 ) 11/6/1999 1:05:00 PM From: donald sew Respond to of 86076
PaperChase, >>>> Your post unfortunately reaks of conspiracy theory. Is this the only thing left for the bears to hang their hat on? It would be more productive if you modified your view during the best of times. Can you share with the group just one modification of your view that could lead to profits? <<< There you BULLs go again and again, lumping all bears together. I recall sendind either a post to you or another strong BULL and did not get a response. It was where you or another BULL was saying how wrong the BEARs were. You give the appearance at times that you think all bears have been bearish from 3000 since there were one or two. In that previous post I mentioned that since APRIL we have been in a trading range and I was one of the few back in MARCH calling for a trading range, while there were those calling very bearish calling for a crash or very bullish calling 14,000-15,000 back then. Those who were calling for only a trading range are mainly bearish, but I asked this question before - how many BULLs called the trading range for the last 7-8 months. So not all bears were or are calling for a crash, but there were alot more bears calling for a trading range than BULLs. And so far they have been right. Still being in a trading range for the overall market is now questionable in light of the NAZ performance, but the trading range with sector rotation was the correct prognosis for the last 7-8 months. I also recall some bears also calling for the recent bottom within reasonable distance, but I also recall some bulls saying that 11,000 would hold. And frankly, there really are not that many bears. The majority of J6P are not bearish, at least the many I speak to are still holding. The majority of those who sell are probably the mutual funds trading and the small traders who just trade in both directions. Although I am bearish long term, I trade in both directions, and I feel safe to say that most of the bears on SI trade in both directions. Now, how many BULLs on SI trade in both directions? An the last question is how many bears only trade in the down direction? If the BULLs want to really complain they should complain to the mutual funds who on the basis of dollars are probably selling the most by far. And they are probably the same ones who are telling the public to BUY at the same time they are selling. Let me ask this question - how many reading SI have been bearish and have been selling since DOW 3000. gggggggg Seeya