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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (4686)11/29/1999 5:31:00 PM
From: Cynic 2005  Read Replies (2) | Respond to of 5676
 
Bobby, other than the yukky market internals, notice the following:

1. Head fake in AOL and it matches exactly with RCA of 1929.
2. The recent round trips ($1 to $30 and then to single digits) by many stocks has taken out a lot of day traders.
3. Nobody, even the hardcore bears, believes that a pull back will last more than a couple of days.
4. Almost nobody believes that rising oil prices can be sustained.
5. Almost everybody wants to stay ahead of the 'new year rally' which is sure to come! -g-
6. Though I try a lot to stay out of trouble, I have been taunted by some jack asses lately. -g-
7. My bearish positions did 100 to 10 in less than 10 days and I see no hope on the horizon. -ng-