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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (41894)	4/1/2001 9:34:14 AM
From: LTK007	Read Replies (1) \| Respond to of 56535

aj we need a rally,i think shorters themselves realize they need a rally so they can have enough downside to reshort the market. as i have learned the big hedge funds will actually buy up to get a rally going so they can reshort. the problem is the techs may get hit with a last heavy wave of warnings this week that will kill this hope--point is we don't have certainty a rally will commence this week. there also could be a wave of redemptions from aggressive growth fund investors that are going to start to feel very sick when they see their statements. i have several individual semis i want to short but this failed semi rally is close to wiping out this opportunity---CHRT was a prime candidate for me,but instead of a rally up this week,it tanked 5 more points to an alltime low.BTW don't be fooled by it's p/e and such,one professional short says this one is "the titanic heading for an iceberg":) one thing though if we get more downside and a bad NAPM the "emergency meeting" of Fed rumors should get a major run-up again. i am a growling Bear in NEED of Bear Market rally:)max p.s. the funds got to invest bear or no bear,they don't care,they got to invest---they may take their average investors to poverty,but they will invest. reading Cramers slamming of Von Wagonners for gross incompetence i feel was fully justified. he gives solid reasons for his charges,and also a brutal reality check to the difference in treatment that the significantly rich that invest in private hedge funds receive and the treatment that the average investor gets from the mutual funds--two different worlds.