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


To: MulhollandDrive who wrote (14181)8/8/2002 6:33:02 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 17639
 
There could certainly be a squeeze. I just don't see any fundamental reason for it lasting very long. The fact that I'm reading bullish posts after the thrashing we took earlier does nothing but solidify my belief that we have more down side. When "The Bottom" is in it will be marked by posts says "I'll never buy stock again." To me what I see is what I believe to be the fed, brokerage houses and other large money blocks taking advantage of the low volume of August to push us to levels that will protect against the next leg down taking us to unthinkable levels. We may get a chart on the dow and nas that suggests upside but I for one wont believe it