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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?


To: quote 007 who wrote (949)4/13/2002 1:58:58 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 6346
 
absolutely a case can be made for rotation. We are seeing money churning from one sector to another and from large to small stocks. It ain't like we are seeing strength across the board.

Not sure if you know where I stand on this market, but I am aggressively short right now. And have been. We are in a clear downtrend. It is actually a very smooth and organized move too. Nothing really choppy about it. We get an ocassional strong day like yesterday that gives a slightly bullish signal (I think we had a bullish doji yesterday), and those usually follow the bearish days. Basically, the bulls are given enough hope to stay in the market. They are not being allowed to panic and capitulate. We are undergoing the proverbial "death by a thousand cuts" right now. I believe that we may be getting close to the point where the bulls are allowed to capitulate.

OTCBB stocks are penny stocks. Over the counter Bulletin Board stocks. High risk, very often scams. They were very strong in the months leading to the crash of 2000.