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

To: AllansAlias who wrote (21426)	11/17/2001 11:26:14 AM
From: marginmike	Read Replies (2) \| Respond to of 209892

Allan some of us bought the first pullback(dow 9500 remember-g-, and mini melt up) after the recovery, the signs on the tape made it very easy to go long. However I think that the extreme is the easy part, what to do now? Are we in a real new bull, do we do an 87,98 here and quikly regain lost ground? The real economy isnt that bad, despite massive layoff's, and everything else things keep chugin along. Is this a trailing indicator? Gold's plumeting and Oil's plumeting(and CRB) say deflation whille Bonds's equities and real estate scream inflation I have never seen a more dificult enviroment to read. I do know in the ST(till Jan) liquidity and positive war news will keep the market's up. However is this a false spring? Do we plumet from there? I just dont know, and its getting very tough to gauge sentiment here as well, EWAVES are about the only thing that make sense here and the big picture has us in the 4 with a 5 down to come(IMHO). However If we continue up on higher volume(as we have) that will be discredited too. Nobody is scared, everbody thinks things are groovey and the spending continues. The only thing I am sure of is that the LTBH is over and now it will be a trader's market. As far as I am concerned we are going to re-live the 70's style market and that's the way I am playing it.