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To: Sharp_End_Of_Drill who wrote (92583)7/19/2001 7:42:30 PM
From: Roebear  Read Replies (1) | Respond to of 95453
 
Sharp_End_Of_Drill
Nice NDX chart for free (24hrs) on ST also, note triangle:

securitytrader.com^NDX&ChartID=28922&ChartType=D

Now note:

toplist.island.com

Guess there were some second thoughts on that Mr Softy stuff, down 3.32 as of this posting...

Message 16102308

It's great to be Silver (and cash) [and at times gold stocks]

ggg

Roebear



To: Sharp_End_Of_Drill who wrote (92583)7/20/2001 12:47:08 AM
From: isopatch  Respond to of 95453
 
Sharp. That's a pretty good characterization

Implication in more than a few of his posts and chart annotations of recent months has been, and continues to be, there's lots of longs out there still "whistling past the graveyard".

Agree with that. In W.S. lingo, it would read: "We got a lot more sheep to shear before we're done."

Heck I worked on the street for years. But gotta tell ya. It was hard even for me to believe they had the nerve to roll Abbey out last week to ROLL THE CUSTOMERS...AGAIN!

Yeah, I know. It's a wonder they think anybody still listens to her. But most people would be surprised how long you can get away with that kind of customer abuse when the financial media is in the sack with the big Investment Banks (and IMO always has been).

Anyhow, Investors Intelligence survey came out yesterday with an increase to 52% Bulls vs a decrease to 23.5% Bears. As far as I can remember, it's VERY unlikely the market can mount an Intermediate (longer than 1 month) rally of 20% or more with so few Bears and so many Bulls.

I'm not in the super bear camp. But I don't think the broad market indices are anywhere close to the bottom in either time or price.

Regards,

Isopatch