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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (5926)	4/18/2001 10:42:37 PM
From: isopatch	Read Replies (2) \| Respond to of 52237

Thx Paul. It does get pretty lonely at turns. After I started looking around other threads, Mike was one of the VERY few I found who was seeing a trend change, as I was. This is a nice thread. To be honest, was reluctant to say very much at all on the CFZ. It got just unbelievable over there! I kid you not. Fire breathing Bears WITH RELIGION! Geez. LOL In fact, the huge recent growth of that extremely bearish CF thread in the the past month was also evidence that sentiment was reaching the kind of extremes associated with dramatic market reversals. But, what IMO is even more significant is that most of those guys and many posters on other threads I've read are still fighting this rally, trying to reshort it even after almost 2 weeks and over 1,000 Dow points! Others have decided to continue to sit on the sidelines in cash waiting for the downtrend to resume and give them a better entry. In my experience it's very bullish when that happens. Each time these serial short sellers are forced to cover, it adds more fuel to the rally. And eventually some of that cash on the sidelines will be forced in at higher prices further driving the rally. Some of the most powerful rallies I've ever seen have been like that. April 1978 is a good example. That was an absolute animal. Although I'm treating this as a Bear Market rally, don't yet see any signs that were are near a top. So am just going to continue to play the long side till I see risks beginning to rise again. BOT RTN.B on the opg this morning. Also added HM and a few energy positions. Isopatch