Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (135290)	11/20/2001 2:38:13 PM
From: CuriousGeorge	Respond to of 436258

Bear rally sets up greater decline in 2002 Many traders believe that this rally represents a resumption of the bull Market, but this is not the case. This is true because even the bulls themselves will help to facilitate the reversal once prices reach a point to where traders who lost money in the last down leg can recover a substantial portion of their losses… and where buyers want to take a profit. Schultz describes the psychology of bear market rallies this way: "As prices rise to retrace about half the fall, traders will begin short selling again, and those who bought at the recent bottom will see nice profits, which they will begin to take, and those who have done nothing since the bear market started will see prices returning close to their cost price, so some begin to sell, willing to take a small loss in many cases. Since the public confidence was shaken by the prior down-move, there will be few who will wait to see how far prices go; they will take a relatively reasonable price for their stock while they still can." gold-eagle.com We gonna party like it's 1929!