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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeet Shipman who wrote (53351)	7/23/2001 8:01:45 PM
From: GROUND ZERO™	Respond to of 94695

Bill's call was impressive, but I simply don't feel comfortable being short these markets right now for numerous reasons of my own... we may have arrived at the same destination for very different reasons, or we may actually be looking at the same kinds of technical things... but, there are too many reasons to be bullish at this point when compared to the bearish argument... I'm speaking technically here only... even the NAZ has a bullish tone to its decline, the angle of descent is bullish... without listing each and every reason here, basically, the DOW appears to have reached a 39 month cycle low and this recent pull back is a healthy retracement... these markets have had every opportunity to collapse, and they simply have not... barring, of course, the incredible sell off in the NAZ from the 5,000 level..... I'm not looking at any immediate or near term daily chart pattern that makes me bullish here, simply the overall tone of these markets tells me they're bottoming and I don't think it would be prudent of me to try to pick the absolute bottom tick... I'm very pleased to buy at these current levels even if these markets tick lower for another while or so..... GZ