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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Grashopper who wrote (14089)	4/5/2001 10:12:38 AM
From: Mark Ivan	Read Replies (2) \| Respond to of 30051

Grasshopper, I have found in the past: When the markets are in a long term decline, people will say "this is a buying opportunity" and we buy the dips. The opposite happens when we turn around and start a long term trend up. We start thinking "shorting opportunity" and "sucker rally". I'm not saying we are in a long term trend up; just that the "mentality" may be there now for us to go up quite a bit. Most people think that the NAS can only go down now and will try their hand at shorting and Put buying. Because of this, we may just keep heading up. MArk