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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Nathan who wrote (45675)	12/8/2000 6:39:30 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

well, i actually think upon reflection that the chances are in fact very good now, for at least a mini-BK. why? the mufus, and small traders have all loaded up on long positions this week...in the futures, and in the cash market. the entire rally sequence has trapped a whole lot of positions in other words. we have Rydex ratios, sentiment polls and p/c ratios all in complacency territory, and we have the record comm. short in the spoos. things are certainly lined up. also, think about what i said about the cycle...the Dec. 15 turn point, if it isn't a high, must be a low. a one week massacre perhaps? an inversion of a cycle such as this is imo dangerous...as the cycle has begun to the expected norm. a clown trap. of course we can expect after the initial gap down on Monday to see a ramp attempt. i'm sure that whoever sold a ton of OEX & SPX putskies yesterday will want to cover that position at an opportune moment...and that means the futures need to be ramped some after the open, or maybe even before...