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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (50940)	4/11/2001 9:04:22 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Hi Gary, First of all, I think the word 'contrarian' only comes as a byproduct, I don't say to myself that I want to be a contrarian... there are numerous reasons for these markets to rally at this point... I'm referring strictly to the technical basis for this rally... the market internals have been bullish for about two months... technically, the DOW has come to a major area of support that coincides with the highs made in 1998... I think we're going higher from here with a few sell offs here and there along the way, and this would apply to all the major averages... I believe we have seen a major low put in place and these markets are in a basing phase right now... I've posted earlier that the recover rally will be aggressive and that I've been buying into any severe weakness... well, we're in that recovery rally right now and I don't think short position players will realize the strength of this rally until we're at much higher levels, they will not be able to exit gracefully... I expect these markets to make new all time highs at some point, and probably sooner than later.....BWDIK GZ