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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Peace who wrote (37445)	3/23/2001 4:32:54 AM
From: JDinBaltimore	Respond to of 50167

Hi Peace, You are right... for the next couple days possibly. But this is just what the doctor ordered. A Bear Market rally. The Bears took about 300 points of pure profit yesterday. As you well know to close a short you have to buy the stock, as same is conversely true in a bull market pull back the stocks have to be sold. So... It appears the profits flowed to the NAz which of course makes the Sox look great, looks like room to advance another 2-300 points on the industrials with the Naz paying for the rally, then nice setup for the next leg down on the INDU. I would think it's a little premature for new money to come pouring in from the sidelines yet. Strange markets yesterday Compx strong all day indu down 400, if you weren't there, the final numbers are certainly misleading. What one has to realize, is that this is what Profit Taking looks like for Bears, Everything is backwards in our world. Best to you John