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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: RR who wrote (37813)6/14/2001 1:21:58 AM
From: Sully-  Read Replies (1) | Respond to of 65232
 
Hi RR,

I'm in limbo right now. Mostly cash. Lots of stuff looking oversold right now. Lots of H&S patterns being built. More warnings after the bell, but nothing too serious. Put/Call ratio back near bearish levels @ 0.59. Still a fair amount of hope from the bull camp, but the bears are sounding real confident too.

We could see a bounce in here....... or there could be more selling...... IOW indecision....... for me anyway. I held back today. I'll be watching & waiting for a clearer picture before I make my next move. Like you keep saying, you don't need to be in the market every day. It's times like this when I make my biggest mistakes..... trying to force something to make a buck.

Looks like you think there's a little bounce coming near term, albeit not with much conviction.

Take care,

Ö¿Ö



To: RR who wrote (37813)6/14/2001 5:31:17 AM
From: limtex  Read Replies (2) | Respond to of 65232
 
rr - Warnings galore. So? Should be expected. But, more and more stuff coming out about businesses getting killed, more layoffs, just a lot more bad news closer to home kind of stuff.

Seems like you thinki its getting worse. What about all the rate cuts and the tax cuts?

Any end in sight or full blown recession?

Best regards,

L