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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (2536)3/22/2001 11:34:18 PM
From: westpacific  Read Replies (2) | Respond to of 74559
 
Jay your right, time to stick to the subject - just wanted folks to think about one point. When the call is too easy, as in being short, then this is the time for the greatest caution.

I am as bearish as they come, just have a gut level feeling in the near term. The minute I get too greedy is the minute the trade no longer works - and everyone is fat and lazy right now on the short side. Thus very complacent and a very easy enemy to ambush - war tactics apply in trading and I live by them.

Right now we have many amateur shorts playing the game - the short call has become toooooooo easy. Overall trend is down for sure, market has been oversold for weeks and weeks.

We are due for some profit taking on the short positions and a spring rally ahead of next leg down.

May be wrong - this is just my call for next week! Did not mean to be so blunt.

West