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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: greenehugh who wrote (13351)	3/3/2002 7:25:42 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

I'm still very bearish, doubtful that the Friday rally is anything more than a huge bull trap, an oversold snap back that turned into a major short squeeze, not taking my eyes off the huge bearflag on the daily nasdaq and the huge rising wedges everywhere and and you post bearish comments to me? <VBG> I need some bullish arguments to ponder here! More than a one day wonder of a rally which has so many thinking the market has been saved from the edge of the cliff yet again. I'm trying hard to avoid a bias but so far it is the hardest trader emotion I've ever battled and I'm not there yet. I'm looking for a reason to get a little bullish - just to be less biased to the bearish side - and I can't see a thing out there...anywhere. And this is coming from a former perma bull <g> The economy is recovering, that I know, slowly and with potholes along the way I'm sure. But the worst seems to be over - maybe. But does that mean that stocks and major indexes will recover just because the economy is? hmmmm. Now that's the question. And what about the probability of rising rates and possible inflationary pressures. Because if all these retail buyers who don't want to miss the train jump in and buy long, driving up heavily shorted stocks to the lofty valuations that some were at only weeks ago and then the earnings season is disappointing with lowered or flat guidance, and consumer confidence, corporate and manufacturing spending and other indicators do not surge, it's going to get really nasty as everyone realizes they were way too early and run for the door again. Or even worse, people's portfolios and 401ks get decimated for the second time... Warning season starts this week!