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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (13298)	5/30/2001 11:16:22 AM
From: AugustWest	Read Replies (1) \| Respond to of 15481

...time for this to turn around Or head south like migrant birds. If we don't bounce back, I think there will be some margin selling real soon. Those that caught the bottom or close to it and are still up 50%+ are not going to be shy this time about protecting profits. Well, Okay, never underestimate the ignorance of a bull. They'll wait until they are 10%-20% under water. That should help in the capitulation do hickey me bob thing. There I said it- capitulation. I know it hasn't been mentioned in a while, but it will become a popular term on si again soon if this bear market rally peters out much more. A close under 2100 will make void my thoughts of 2500-2800. Okay, I'm giddy right now so perhaps it is time to buy. Just not for me. If I am any indication, I feel no compelling reason to cover my short positions. The longs on the other hand.......