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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: quote 007 who wrote (3601)	6/17/2002 6:45:55 PM
From: Jorj X Mckie	Respond to of 17639

yup, it is my opinion that any bullish signals that we are seeing are pretty much the same thing that we have seen 3 or 4 times this year already. The rally in Feb/Mar actually had some consolidation before it took off, that is why it went further than subsequent rallies. This one looks just like the April rally. No base, just panic buying. It ain't the stuff that real rallies are made of and it weakens the market by removing the cushion that the shorters (who covered) would provide and adding "weak" bullish positions. It will be interesting to see if there are any changes in the BPs.