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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (25549)	12/16/2000 6:43:32 PM
From: Jill	Read Replies (1) \| Respond to of 65232

From Signal Watch: This is a momentous point in the market's history. We had an election conflict that appeared to be depressing stocks. Conflict resolved, stocks drop. That tells me a lot. It says that the market is really worried about earnings. And the fact that we did see a drop after the good news is going to undermine investor confidence. I understand an interest rate cut may be in play for December. That would certainly help. But, as we drop through support after support, the downside risk becomes greater. What we will be doing in here is what we always do - watch for a higher low to form, and for signs of a true recovery rally. Until then, we are Short and making money on the continued bear market.