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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (57963)4/28/2002 3:01:36 PM
From: 4rthofjuly007  Respond to of 99280
 
We are close to a bottom imo. It seems that many shorts covered in front of the GDP numbers and are waiting for a bounce to short. I think the remaining longs will make a decision to weather the storm or sell very soon. Maybe by early next week.

Looks like the best way for the market to confound the most people is to head down fast to an IT bottom and bounce around without making a new low or much upside headway for a few weeks and then maybe retest the low and start a slow steady rally that lasts through the summer and traps lots of shorts but still keeps longs nervous.