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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (59550)11/11/2000 1:09:03 AM
From: Jorj X Mckie  Read Replies (2) | Respond to of 63513
 
You are a long way from home Bobby, what brings you down here to the slums???

Last February, March, April, before the crash, we still had bears talking about naz 1500 (or lower) and dow 6000. And yet we were still able to crash pretty dang hard.

and yes, absolutely, all bear clowns must be destroyed too. The pros want their money even more than they want the bull money. Knock those guys out and you have nothing to act as a cushion. The bear clowns that we all know and love are getting pretty cocky about now, almost makes me want to change the old saying around to "don't confuse a brains with a bear market".

I still think that this is a healthy correction of the manic run to 5100 and that we need that 50% retracement before we can move on up to the east side. I watch the tick closely (mostly the naz) and we never really did get a convincing capitulation. Maybe we get it next week, but my feeling is that we get a bounce to knock the wind out of the bears.

Besides, I think that AG is going to have the money machine pumping liquidity into the market with a fire hose on Monday. This election crap is a far more serious threat than Y2K ever was.