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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (21415)	11/16/2001 5:04:52 PM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

I don't know; its forays below the 200 DMA have tended to last for a while. Looks like a falling wedge, however. stockcharts.com[w,a]daclyymy[d20000401,20011116][pb50!b200!b21][vc60][iLl14]

To: JRI who wrote (21415)	11/16/2001 7:47:35 PM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

One of the things I watch closely is a motly collection of worthless POS penny stocks. Every time we've had a tradable high (for a position trade I mean), the pennies were bought. They are such longs odds, that money finds them very late in a run -- so late that smart money is probably already unwinding. They can't catch a bid in this rally. (Some of the junk in this basket seems unbelievable in retrospect. Makes me think of how things were a couple of years ago. The mania high was a very strange time. We had an opportunity that comes only in a lifetime. That's very interesting. However, I have a worry... unless one is old, one will also get to witness a once in a lifetime bubble bursting. This will take time and it will want to eat both bulls and bears before its over. Not many smart bears around these days. We haven't needed one for the past generation or so. Think about that. There are so few bears that can help here. Haven't had a bear market in over 30 years. Unless you take a very long view, a sell and hold sort of view, this market will eat bulls and bears alike.)