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To: DebtBomb who wrote (62949)7/28/2002 9:36:39 AM
From: Softechie  Read Replies (2) | Respond to of 208838
 
How many more weak hands left? I thought they wrung out many weak hands at Nasdaq 2000...LOL!

Posted by: Zeev Hed
In reply to: mlsoft who wrote msg# 8964 Date:7/27/2002 7:33:03 AM
Post #of 9085

To make a long story short, the process of the last few weeks has eliminated a lot of "weak hands" selling, Their absence will be the driver of a higher market. All the "uncertainties" you cite, are the proverbial "wall of worry" that wall street loves to climb. Actually, the uncertainty is less than it was last September and October. Then, a number of airlines were on the verge of bankruptcy, hotel chains and restaurants were reporting dismal occupancies and the uncertainty as to the impact of 9/11 on the economy was was growing by leaps and bounds, and what was the market doing? The Naz advanced full 50% Why? During these first two weeks after the market reopened, any potential seller, sold, there were no sellers left to stop the rally, and ample fuel from short sellers buying.

Zeev



To: DebtBomb who wrote (62949)7/28/2002 12:46:12 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 208838
 
Dale,
I actually had that very conversation in PM with someone. People forget how long the BPs stayed at the high end of the range. They also forget how long the VIX stayed at the low end of the range. It sounds like we have pretty much the same views. But I am trying to keep my mind open to the idea that my views are wrong.



To: DebtBomb who wrote (62949)7/28/2002 3:05:30 PM
From: augieboo  Read Replies (1) | Respond to of 208838
 
One thing though Jorj, just like the BP charts sometimes can stay high for 2-3 months, they can also stay low for months, IMO.

Dale, I think the BPs can stay in the lower half of their ranges for a while, or bounce in and out of them, but I don't see much evidence that they ever spend much time going sideways at the low ends of their ranges. Of course, the fact that all the BP charts available to me are mostly from the bull market my skew things.

Take a look at these, or at least a few, and tell me what you think.

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280601,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280602,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19900101,20020728][p][J5280603,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280604,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280605,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280606,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280607,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280608,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280609,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280610,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280611,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280612,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280613,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280614,Y]&listNum=7

stockcharts.com[g,a]dbclynay[d19960101,20020728][p][J5280615,Y]&listNum=7