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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (77033)5/14/2001 11:08:07 PM
From: Ron Dior  Respond to of 99985
 
I have been perusing the threads all evening and the main theme peppered throughout is this:

Market sells off after fed cut, sell off lasts a bit then a mid to late summer rally. After that the market falls off of a cliff.

Wouldn’t it be nice if the market were so predictable? The hedge funds are cocking their weapons, and the shorts are in a feeding frenzy like a bunch of hungry piranhas. Can this market be so easy to read? I don’t think so. I think any sharp sell off is going to be met buy a plethora of buys. Not saying the sell off might not take us down a bunch but who knows how long before the buyers jump in. Is earnings season going to show us how bad the markets really are? Doesn’t everyone already know how bad things are? Don’t forget every earnings season that goes by brings us closer to the economic rebound that everyone is awaiting. Will there be a rebound? The bears say not for a long time.

My point is, when everyone bets on the same thing it makes me worry. I say that the bulls and the bears are wrong. I say the market goes sideways for the next year and then rallies soon after all traders throw in the towel.

Just a thought.

Ron Dior