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To: Lucretius who wrote (134583)11/15/2001 8:35:18 AM
From: sun-tzu  Read Replies (5) | Respond to of 436258
 
I know, but a close friend said something very telling to me yesterday...

"sometimes the pros go up against managers with more money than brains - I always forget that."

There are a lot of hedge funds whose performance for the year is contingent about not missing this move. Every intraday dip is internally correcting an overbought condition. I don't think we'll get any appreciable pullback until after expiry.

And right now, as I see it, that pullback should be bought. We're in an Oct 98, Oct 99 scenario.

Contrary indicator? Perhaps, you make the call.