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To: RocketMan who wrote (28145)10/13/2000 4:16:15 PM
From: jimcav  Read Replies (4) | Respond to of 436258
 
A most impressive rally today. I'm amazed at the magnitude of it, but now it seems everyone has forgotten the way we got here--amazing lack of concern from the bullish side, and only thoughts of up from here. Internals were not bad, but look at the NH/NL...whats up with that?
finance.yahoo.com
The best part is, any bad news over the weekend and we tank--from this thread we can tell that there aren't any bears left to cover for support, and I'm sure anyone wanting to go long is already.



To: RocketMan who wrote (28145)10/13/2000 4:49:20 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
cycle wise, since today was a low, the 18th should be the next high.

i'd like to point out that while it is true that bear market rallies have this 'fast and furious' characteristic, some notable bull markets have begun in a similar manner.

as always, all possibilities have to be considered. one would be that since several LT trend lines have been tested successfully , we might be in for a trip back to the upper boundary of the trading range. while that seems not particularly likely to me, it would be foolish to rule it out altogether. note that the VGY has been in a rectangular trading range for well over a year.



To: RocketMan who wrote (28145)10/13/2000 7:06:13 PM
From: NucTrader  Respond to of 436258
 
...>>the bear will be over. <<
What a dreamer!